Today as I write commentary all focus is on the election. In particular, the incredibly close Presidential race that I hope to be resolved by Wednesday morning (as is the standard). Hopefully the nation is not dragged into another contentious post election debate like 2020.
Unfortunately, that unwelcome outcome is highly probable and would likely postpone any further bullish catalyst for stocks that normally comes with finalizing the results. Meaning that new highs for the S&P 500 (SPY) will likely not come until the winner of the election is settled.
