Stocks are back on the surge the past hour as a new election modeling company called VoteCastr is showing Clinton has more votes in FL, IA, NV, OH, WI, and CO while Trump has more in PA. No one really knows the accuracy of this modeling as this is its first use. It is not based on actual votes but polling and other items.
In any event, information hungry markets have latched onto it and trade at session highs with solid gains and are still climbing.
SP500 12.98, 0.61%
NASDAQ 40.49, 0.78%
DJ30 120.56, 0.66%
SP400 0.45%
RUTX 0.24%
SOX 0.61%
This kind of intraday information is dangerous for the markets, but again, they are very hungry for any information and are jumping on any news. We will see how this moving on the news holds and go from there. Moving ahead of the election based on this, however, is as risky as earnings, possibly more so.
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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