Election Certainty Leads to Market Rip
Yesterday was one of the strongest days of buying of the year, with the S&P 500 and Nasdaq both up over 2% and breaking out to new all-time highs.
This is becasue we have certainty in the market post-election. Investors expected the election to take days to determine a winner, but this was not the case.
We are also unexpectedly looking at a potential Republican sweep. If they own both the Presidency as well as both chambers of Congress, it should be relatively easy for them to make sweeping changes to policy across the nation.
Here is what to watch for if we do get confirmation that Republicans win the House of Representatives:
Stocks to Watch
As for stocks to watch, look to the sectors that saw the strongest performance yesterday for continuation.
Look to regional banks, financials, mining, and tech to lead the way.
I dive into deeper detail on the specific stocks I am buying here: