Week of November 4

Election Week. You get this opportunity once every 4 years.

Recap of last week

Last week we expected some volatility and range expansion to the downside.

We expected the QQQ July highs to hold and provide a top for the time being.

We got the week reports from MSFT and META as expected, as everyone was all bulled up from TSLA et al.

We were short rates for most of October, through ZB and SOFR. We just covered the SOFR futures short for a big gain. Now that furus are calling for 10Y to 5% again we took profit on the trade.

The election is in 2 days and you are guaranteed to see huge volume and liquidity and trend reversals/new beginnings. You get this opportunity once every 4 years so make the most of it. We have been busy putting on our election basket for trades into the Year-End and will wrap that up this week.

Next move for markets