Thanks! I usually follow that channel in Spanish :).
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Thankfully I'm sitting on a healthy cash balance primarily because I've been cautious regarding USA elections and took some profits off the table several months ago.
My guess is that ATM's shorters will also be watching the outcome in the US closely.
I'm not so worried about 'picking the bottom' ( as Couta says a few cents now matters little in the long term.) However, I'll only commit my cash when I see a mix of good news and a change in current ST trend.
IMHO the short term market could go either way depending on the US election results..... (better be careful - I'm beginning to sound like our resident Bear - Bull!!)
I can't wait to have the US elections out of the way!!
Yeah you can only enjoy a circus for so long and clowns can get irritating after a while, meantime babies are still consuming the same amount of milk as always.
There are risks around the freedom of global trade having a US president with protectionist tendencies facing off with China that is similarly disposed to putting narrow national interests ahead of seeking global consensus. The US-China trade issues need to be resolved soon.
Not only the US china trade war. If Trump stays in he'll provide more stimulus. But there could be riots. Atleast the economy will stay open. If Biden wins, we could see people in lockdown and the economy heading south.. and we all know what happens when the US market goes down.
An even bet there will be stimulus and riots either way. Also, there will be a pandemic either way and economic disruption as a result, more likely prolonged under Trump but still there under Biden. For ATM the biggest potential risk is global trade wars or random protectionist measures that knock them out of markets.