Dow 13,093.16 -139.46
Nasdaq 2,982.13 -37.93
SP500 1,414.20 -13.39
30-yrBond 2.92% +0.02
GLD 162.60 -3.47
SLV 29.95 -1.27
PTM 18.44 -0.09
XLE 71.06 -1.19
XLF 16.00 -0.09
VXX 34.92 +0.88
Friday had non-farm payroll report with sell-off of precious metals, copper, and grains. Crude went below 85/barrel.
On Wednesday NYC said their 47,000 participant marathon would be held this weekend, then cancelled it due to hurricane aftermath. The entire NJ/NYC area will have a consumer spending contraction for at least a week due to people staying home from work and cancelled conventions. This will hurt the next GDP report. Time to consider selling any long term broad market longs?
Elections Tuesday. Whichever of the two big (bankster approved) candidates wins the Presidential election, look for a equity sell-off when the public realizes neither can easily work through the looming fiscal/spending/war issues.
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