No Moves This Week… But Buying Season is coming!

While it may seem odd not to add to any positions given the volatility in the stock market, the combination of a portfolio that’s still up more than +24% on the year combined with a myriad of negative catalysts – a pandemic with no cure, a potentially-contested election, and the possibility of a complete flip of the controlling party in the government – means more sitting on my hands waiting.

However, I don’t think I’ll have to wait long.

With all of the negative forces facing the markets and institutional money concerned about losing their gains for the year, I think November could be a very volatile (read: negative) month for the markets.

Historically, November’s often a volatile month seeing significant selloffs but also seeing pops into the month-end. That being said, 2020 is a year like no other and we’ve got so many issues looming, I think the risk is to the downside.

Stay patient, keep your Trading Plan up-to-date, and don’t be afraid to pull the trigger if an opportunity presents itself.