Click HERE to access the FSInsight COVID-19 Daily Chartbook.
STRATEGY: Cyclical trade: Trump vs Biden portfolios. Trump favored
The focus of this note is the 2020 Election results. We will be sending this note without having any conclusions on the winner of the White House and the outcome for the Senate. Polls and the media have been calling for a Biden/Blue wave landslide. And early voting results so far, are not really showing this.
In fact, betting markets have completely flipped with Trump favored at 69.5%.
- Equity futures are up and NASDAQ >3%
- We think strongest rally would be a "surprise" Trump win and equities rally 15%-17% into YE
- This looks like the scenario at the moment