The first few days of November

The big looming issue is the US Congressional Elections. Since the actions of the US government have a heavy influence in the marketplace (e.g. raising taxes), I will be taking a break and watching the show. Expect posting to be light for the next couple days.

Almost all the pundits are predicting the Democratic party will be losing control of the US House of Representatives, and possibly the Senate, but either way this will mean gridlock for the US government – something traditionally favourable to the market since it is difficult for a split government to implement rule changes that increase risk.