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
$1.69 |
Change
0.010(0.60%) |
Mkt cap ! $2.189B | |||
| Open | High | Low | Value | Volume |
| $1.72 | $1.78 | $1.68 | $31.36M | 18.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 82087 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 123756 | 37 |
View Market Depth
| Last trade - 14.27pm 06/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |