about the election outcome and the looming December FED rate hike have a modest historical correlation.
What is remarkable (to me) is that both SPY and VIX have high volatility outlier scenarios tracking 3-4 weeks out....election time.
Needless to say the markets are feeling the burn and are likely to continue in a weak to neutral mode until a day or 2 prior to Nov.5....when fortunes will be made or lost.
Remember Brexit volatility? Nov 5th could be a repeat. A little early to look at straddles but as we get closer to E Day we'll look at a couple possibilities as well as DN setups.
