Election day looms. The big question is whether markets are likely to rise as soon as the election is out of the way – in which case deploying some cash on Monday or Tuesday would be wise, or will they decline on Wednesday especially if Trump loses but indicates he does not want to accept the results. Personally, I want to hold onto some cash and see what happens.
On Friday the S&P 500 was down 1.2% and Toronto was down 0.6%.
AutoCanada sank 8.75%. Most stocks were down.
Aecon was a rare gainer and was up 4.3% – see our updated report as noted earlier today.
This should be a most interesting week in the markets given the U.S. election.