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Stocks are flat ahead of Tuesday night’s big presidential debate between Kamala Harris and Donald Trump.
I don’t pick sides around here because I don’t like any politicians — I don’t watch these debates. The only thing I care about is how it impacts the markets, and that’s how I’m going to discuss this stuff without favoring either side.
And right after the 2020 debates, small caps started leading and it lasted all the way to the election. That was a very clear sign that folks were favoring Joe Biden — not me, just what I saw in the market.
That’s because certain sectors favor certain candidates — I’ll go more in-depth into this during today’s video, using examples from the last debate season.
So there will already be some volatility around the debate, but not only that…
We also have the latest Consumer and Producer Price Index inflation reports coming at 8:30 a.m. ET on Wednesday and Thursday, respectively.
Crude oil is in the same spot it’s been in for a while now, and it should be OK to continue shorting the weakest stocks.
I’m also still bullish on gold, and I think it’s a smart asset right now with China hoarding a lot of it. A lot of folks also still believe we’re going into a recession, and gold is generally good to have in such instances…
I’ll cover all that, my daily hitlist of longs and shorts and more in this morning’s “Premarket Must Watch” video!
Roger Scott
Roger Scott Trading
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P.S. LIVE AT 1 PM ET: How to Spot Undervalued Stocks With the ‘M-Spike’ Trading Tool
There’s a lot of chaos surrounding us these days…
War, resurging inflation, rate hikes or cuts, and especially the upcoming presidential election.
All of these ongoing and upcoming events means there’s bound to be a lot more market volatility than usual…
And more volatility means more opportunities — more chances to spot stocks that are extremely under- or overvalued…
Which is exactly where the “M-Spike” trading tool comes in…
One of the things I really like about this tool is…
It helps guide you on when to buy, when to hold, and when to sell… taking the guesswork and emotion out of the equation…
And according to our research, it has outperformed major benchmarks like the S&P 500 by 3 to 1, with four times less drawdown.
Granted, I cannot promise future profits or shield against losses but…
If you’re interested in learning more about this game-changing trading tool tomorrow, follow this link.
P.S. I’m also going to reveal the next three trades the “M-Spike” is signaling as a FREE bonus.
*The profits and performance shown are not typical. We make no future earnings claims, and you may lose money. The trades from the indicator involve historical backtesting to demonstrate the potential of the system. From January 2013 – December 2023, the M-Spike produced a backtested annual return of 12.96% per year. We cannot guarantee any specific future results, as there is always a high degree of risk involved in trading. See our Terms on the ProsperityPub homepage for more information.
