Well, this was supposed to be a midweek update. It is now Friday, and we have managed to go from the market getting rid of election hedges to desperately wanting them back within about a day. Thursday finished with the S&P down 4.36% and NDX down 6.36%. A fairly horrible session, and there is considerably more to work through now than whether the election was good or bad for equities. The useful bit is understanding how much selling is still to come, who is in a position to buy, and what that means for the next few weeks.
An Expensive Change of Mind
Between the Lines - Vol. 26
