There are a mere 18 trading days between now and the end of election day. I have already dialed down my exposure to I-barely-even-care levels (75% committed, 28 positions), and I may drop it even more. The level of “do whatever it takes to win” manipulation going on right now is stomach-churning, and I’m just not interested. Powell knows full well that a plunging market would destroy the Fed, and he is smart enough to realize he’s got to keep the current guy in office for that to happen. So BRRRRRRR is set to “11”.
I will point out, however, a rather remarkable pitchfork pattern I stumbled across moments ago on the IWM. I’ll let the chart speak for itself, but I find it pretty cool: