Listen to the latest market mood for Dow Jones.
Over the next couple of weeks heading into the US election, there is likely to be continued uncertainty and movements in the polls between President Trump and Joe Biden. However, one aspect remains clear and that is whichever of the two wins a US stimulus package will be passed. So, this means from a medium-term perspective any drops in the Dow Jones can be considered as medium-term buying opportunities into the US elections at the start of November. The passing of the US stimulus package will be supportive for US Stocks.
Expect Dow Jones buyers on pullbacks.
- The main risk to this trade is any very negative COVID-19 news which offsets the expectations of the passing of a large US stimulus bill.
- Very poor earnings could also question the sustainability of recent share prices.