Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 8th of November.
The market voted yesterday on the election results with the biggest one day drop for the year. Did yesterday's market action indicate a major change in direction or was it just a blip in a longer term bull market?
Regardless of the eventual outcome for the major markets, every investor needs some "Obama Insurance". Here is how "Obama Insurance" works:
Let's begin by looking at where we closed last Friday in the major markets and where we are trading now. Bear in mind these markets can change direction pretty quickly and we will really want to watch where we close this Friday (11/9). Continue reading "The next big thing, drumroll please … Obama Insurance"