I stopped following the election shit a few hours ago, so don't know what is going on. But NQ futures are going up again. What a rise in the past 3 nights. The hell are the markets thinking? My position went from 1100 points down to 200 points down in three sessions. This is normal during a presidential election? I don't know, because 4 years ago at this time I was inert and studying CL futures.
%% TECH/tech ETFs tends to be real strong in the 1st+4th quarter. Home offices may help tech more; not a prediction. Can be even more so/ when the majority party in US Senate is for tax cuts. AND 2019...…… was even more of a rollercoaster than usual.
Overseas funds are crazy for NASDAQ and the US Tech Sector. Just an insane continuous bid. Government Pension Funds, all sorts of private equity funds, and especially Sovereign Wealth Funds.
Market squiggles this way ... because of X, or so some say, market squiggles back the other way ... because of Y, or so some others say. Meanwhile longterm population grows and grows plus survivorship bias getting rid of "dead wood", last but not least The Fed printer goes brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr 24x7x365.
Norway, just one of the many. https://www.nasdaq.com/articles/norways-wealth-fund-gains-$44-bln-in-q3-2020-10-15
Here comes the final hour of RTH trading where the reality is sinking in that Biden is going to win tonight. Powell gave no support, because he had nothing left to give.
Regular Trading Hours, 9:30 AM ET to 4 PM ET in the USA in this context. Looks like reality has yet to set into my head that markets are more concerned with the Senate stuff, as I thought it would be a continual downtrend into the close.