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Making Sense Of A Tense And Directionless Pre-Election Market

We are now in the midst of third-quarter earnings announcement season, with just two weeks until this sad election cycle is over, so we have a lot to look forward to in early November.

Last week, the Dow fell a slight 0.04%, with the S&P 500 down 0.38%, taking the S&P down a moderate 1.25% so far in October. We are now in the midst of third-quarter earnings announcement season, with just two weeks until this sad election cycle is over, so we have a lot to look forward to in early November.

Now that the Presidential debates are over, it will be interesting to watch the candidates in the end-game of their campaigns. The most accurate poll back in 2012, namely the Investor's Business Daily/TIPP poll, has Donald Trump at 41.1%, Hillary Clinton at 40.2%, Gary Johnson at 7.7%, and Jill Stein at 4.4%. The widely respected Rasmussen poll also has the Presidential election running very close now. The outcome depends mostly on voter turnout. If there is a low Democratic turnout combined with a high turnout from Republican and Independent voters, the…

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