I'm actually thinking this too.
The market, according to all my media sources (mainly WSJ & CNBC) is expecting a Biden win, potential blue wave and a $3Tn stimulus package to be passed in Jan/Feb.
If this doesn't happen and let's say Trump wins or there's a Rep. senate to block the package, then there could very well be a minor sell down due to the loss of this expectation.
If this happens, I'm going shopping. Statistically the post-election sell of never lasts and it'll be higher by Xmas.
BTW - this price action sucks again. Market is falling off a cliff!
Chart - Z1P, page-1255
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Last
$2.92 |
Change
-0.080(2.67%) |
Mkt cap ! $3.812B | |||
| Open | High | Low | Value | Volume |
| $2.98 | $3.06 | $2.91 | $36.55M | 12.23M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 43995 | $2.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.93 | 8392 | 1 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |