"It's really not an exaggeration to say that the decisions made by these public figures over the next 100 days could chart the course for markets into the 11/3/2020 U.S. Presidential Election," Emanuel said.
While the benchmark S&P 500 is at record highs, the VIX, Wall Street's"fear gauge," is approaching its lowest mark ever.Emanuel says he thinks the S&P 500 could fall to its 200-day moving average of 2,782 or rise as high as 3,200 depending on how all of those events develop. While he considers the lower figure more likely, with the market being pulled in that many different direction, Emanuel says it's a good time to trade options.
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