We stock with the rally on the eve of the vote tomorrow every seconder finishing in the green. The rally after the market hand in the worst week since march. So what does todays Market Action tell us about tomorrows big vote guy, what do you say hi, mel you like my election haircut. I see. Really took it down. Really tight, nice. High and tight. Interesting. Whats it tell you today, i think a lot of people squaring up ahead of the election the vix suggests theres still a lot of concern the six vix at one point traded up to 37. 5 obviously elevated last week saw huge move from 24 to 40. It absolutely mirrors of the move of june 8 to june 11 when it went from 20 to 40 and sms went from 32. To 50 in a Straight Line so the moves are identical, i think if theres a concession speech tomorrow morning this mix of 38 probably has 28 handle theres no concession speech i think the 38 vix remains thats the way im looking at the world right now. Lets be clear, concession speech by either candidate
Industrial average ended the day on the down side on its lows maybe not the best sign for tomorrow welcome, everybody im Brian Sullivan i have a full show for you as always, guy adami, tim seymour, dan nathan and Karen Finerman are your Investment Team today great to see everybody still social distancing here lets just right into this, guy adami, because it looked like we would carry through mondays momentum we did not do you have anything you can put your finger on to say this is why we rolled over yeah. Pretty much everything weve been talking about for the last two weeks and im not trying to be a wise guy here, but since that low we made a few weeks ago and as it became somewhat clear the bounce was in play, weve been saying for quite some time that the logical level for this thing to bounce was 2790 or so in the s p 500 and we came with a little more than a percent of that in terms of what it did today, again, im not trying to be funny here, but it didnt surprise us all that much b
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