Pre-Election Results: Oversold Support But Not Really
The entire world awaits the results of the U.S. Presidential Election. Unprecedented angst and uncertainty. And risk. As of Nov 5th, SPX was pricing in a 68% chance for a 33 point move by Nov 9th, the day after the election. That’s a ~$66 expected move in either direction–about $2162 to $2030. And that’s not even counting […]