The elections are now behind us and we can move on to important business for us investors. Since the election came out about as expected it appears that the markets are not going to show any major reaction to the results.
The 10 year treasury has been pegged right at 3.2% for the last 2 days so it will be interesting to see what will move it higher or lower.
Right now we see the G20 meeting, which will be held in Argentina, starting on November 30th as the largest potential mover of markets–in particular the stock markets. There is some sort of potential for the U.S. and China to strike a positive trade note at the meeting – not an agreement, but an agreement for further constructive negotiating. As far as interest rates go it would seem most likely that the release of the CPI next Wednesday would hold the most potential to move interest rates, but the forecast is for year over year movement of 2.3%–hardly a market mover. Seems that if that rate comes in ‘hot’–say 2.8 or 3% interest rates could move.
For now we are sitting tight–like we do almost all the time–not trading and only doing occasional ‘flips’–although we are always on the hunt.