Jason Goepfert

6-18-2020 at 5:32 pm

Daily Report : Most stocks, industries, sectors, and world indexes are unhealthy; Sectors and factors depending on the election outcome

A good way to determine whether a market environment is healthy or not is by watching how many stocks and indexes are holding above their 200-day moving averages. Healthy markets see most of them holding above, with dips below quickly getting bought. So far, we're seeing the opposite among stocks, industries, sectors, and worldwide indexes.; Depending on whether an incumbent Republican wins or loses in the November election, various sectors and factors tend to do better or worse. Prediction markets show a better-than-even probability that a Democrat will win, and past changes in party showed a risky summer for growth stocks, especially technology shares.

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