Market Rundown | Election Day (Week?), Uranium Update
Most Americans will cast their ballot for members of Congress today. Many will have already voted by mail, which means those votes will not be tallied until after polls close
Today:
MS on election volatility
JPM’s Marko
Uranium report
Market Rundown:
Good Morning. As of this writing the dollar is up 22. Bonds are mixed on either side of unchanged. Stocks are all up slightly between 25 and 75 bps. Gold is down $6 and Silver is down 9 cents. Crude is down 65 cents. Natural gas is down 45 cents after a torrid and very volatile rally yesterday. Crypto is all down between 4 and 6%. Grains are also weaker by 50 bps on average.
**THURSDAY IS CPI. TOMORROW IS CPI PREVIEW**
Silver and Natural Gas Hourly…
Uranium is perking up again…
Excerpt: MS Election Comment
Given the axiom that markets hate uncertainty, here are our three key takeaways to help investors to cope with the lack of clarity that election week in America will bring:
Higher volatility more likely results from a better-than-expected night for Democrats than for Republicans.
A Republican ‘win’ may not create near-term market volatility, but does introduce situational risks for 2023.
Beware premature conclusions on election night.
CONTINUES AT BOTTOMZen Moment:
The second one…lol
They’re foam.