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Analyst Read: Awaiting Election Results

We'll have to wait and see how this all plays out.
(Cryptographer)
(Cryptographer)
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Stocks are up today as late reporting showed an increased chance of a Joe Biden victory. S&P 500 futures had briefly turned red after President Trump promised to petition the Supreme Court, so it’s clear that the markets just want a swift resolution and dislike drawn-out uncertainty.

I’m happy with how we’ve treated our Target Allocations through this choppiness and how we used a good chunk of our cash to buy stocks at both dips. 

If you followed our Target Allocations chart every day, you would have used cash to buy stocks and rotate into value on September 21st and 24th, averaging in during the September bottom. And then we used another chunk of cash to buy stocks through October 28th to 30th. Which means we’ve allocated our cash almost perfectly at the recent bottoms. We can’t always be this good at timing, which is why we still keep healthy cash positions and dollar cost average into weakness, but we should be happy with this performance through the sideways volatility.

I’m working on sending our first premium weekly investing guide called “Making Cents” for ROIC members, where I break down portfolio moves in more detail, so look out for that soon!

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Responses

  1. I think last week you mentioned on your streaming that we only had half (or 50%) of you. With the amount of content you deliver on a ‘daily basis,’ I can’t imagine what 75% would be, let alone 100% considering you have your day job! Great work!!

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