The Trump Trade: PEACE?

Market's mean reversion into FOMC. The election in Japan this weekend. And what if... Russian sanctions are removed. What's the trade? Also, a warning on precious metals.

Market Vibes ~ Election Wobble?

»CLUB/EDGE client post October 24th

Before getting into some potential "Macro Trump Trades", I wanted to remind you that market breadth is still gently falling, as net volume gently continues to sell under the surface, and as VIX is hugging my 19.29 bull/bear Maginot Line. Not such a surprise with the election a mere 8 trading days away - and FOMC in 10! Vol is bid, but for it to move strongly higher, we need a macro trigger. And no, earnings don't count as macro.

But this does:

BREAKING: Qatar Airways suspends commercial flights to and from Iran, Iraq and Lebanon

With that weekend risk, I offer up a friendly reminder to keep your portfolio hedges on during geopolitical and election uncertainty, while expecting market to climb the proverbial wall-of-worry into year-end.

Here are the guardrails I offered up earlier for clients: