How the Stock Market Will React to Trump Testing Positive for Coronavirus

It's a day like no other. For the first time in electoral history the President of the United States has come down with a pandemic infection. The coronavirus has no boundaries. No one is truly safe. But, what does Donald Trump testing positive for the coronavirus mean for the stock market and investors?

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October 2, 2020

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James West, CEO Midas Letter.
James West is a professional trader and a successful entrepreneur with over 10 years of experience in the financial markets.

How the Stock Market Will React to Trump Testing Positive for Coronavirus

It's a day like no other. For the first time in electoral history the President of the United States has come down with a pandemic infection. The coronavirus has no boundaries. No one is truly safe.

But, what does Donald Trump testing positive for the coronavirus mean for the stock market and investors?

There are a lot more questions than answers. When there is a high level of uncertainty into what is going to unfold next, the stock market is just as unpredictable. The S&P 500 Index (INDEXSP:.INX) is trading between its 50-day moving average and 200-day moving average, which indicates a limbo zone - where stocks can go up or down or even sideways... Unless we receive a definitive direction, the markets will most likely hold in a wait-and-see pattern.

For some clarity, there is an indicator you can look at to gauge the direction of investor sentiment as we move closer to the election date. An indicator that shows clear signs into who investors believe will be the next president of the United States. An indicator which highlights certain sectors/stocks that are going to explode higher depending on which candidate emerges victorious…

Click here to learn the number one indicator investors should be using as Election Day approaches.

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