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Is the Market Jumping the Gun on a Trump Win?

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XAU/USD News

S&P 500,US Dollar Index Futures,Gold Futures

Market Overview Analysis by Michele Schneider covering: XAU/USD, S&P 500, US Dollar Index Futures, Gold Futures. Read Michele Schneider's latest article on Investing.com

With the aftermath of the horror of the weekend, the market responded with presuppositions of a Trump victory.

The economy still has to contend with a nuanced inflation narrative, geopolitics, and the confidence of the consumer. After all, it is the consumer and not just the investor, that needs to feel ok.The peak tends to happen on July 17th and August tends to be a negative month.Secondly, we now have last Friday’s high 77.66 to use for our calendar range high. That is the level to watch now.

 

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