🖼️ Best Short Thesis in an Image

Hi All - Happy Saturday and welcome back to Street Tweets from The Street Sheet. 

The election is just around the corner. According to J.P. Morgan, financial markets are starting to price in a Trump win and a potential Republican sweep.

On Wednesday the bank’s cross-market strategist Nikolaos Panigirtzoglou said that the outperformance of U.S. banks is a sign that investors are betting Trump will win the November general election. The reasoning is that U.S. banks could face less regulation under a Trump administration.

Panigirtzoglou also said there are other signs, including a rise in the U.S. Dollar Index and a 10-year yield topping 4%.

Even though the election is just over two weeks away, that's a lifetime when it comes to the daily swings of D.C. We always love what YOU guys think, so let us know below.

Market Review:

The S&P 500 and Dow Jones Industrial Average reached new record highs on Friday, marking six consecutive weeks of gains.

The S&P 500 rose 0.40% to 5,864.67, while the Dow gained 0.09% to close at 43,275.91. The Nasdaq Composite, boosted by a strong earnings report from Netflix, climbed 0.63% to 18,489.55.

Netflix shares surged 11% after beating earnings expectations and reporting a 35% rise in ad-tier memberships. Procter & Gamble also reported better-than-expected earnings, though its revenue missed forecasts.

Of the more than 70 S&P 500 companies that have reported so far, 75% have exceeded expectations, according to FactSet.

Despite anticipated market volatility ahead of the election, stocks are expected to rally further into November according to some Wall Street analysts.

Market Preview:

The upcoming economic calendar is packed with events featuring several Federal Reserve officials and key economic data releases.

On Monday, Oct. 21, multiple Fed Presidents, including Lorie Logan, Jeff Schmid, and Mary Daly, will deliver speeches, alongside the release of U.S. leading economic indicators for September.

Tuesday, Oct. 22, includes remarks from Philadelphia Fed President Patrick Harker.

Wednesday, Oct. 23, brings a speech from Fed Governor Michelle Bowman, existing home sales data for September, and the release of the Fed Beige Book.

On Thursday, Oct. 24, markets will watch for initial jobless claims, S&P U.S. flash PMI data, and new home sales numbers.

Friday, Oct. 25, will feature durable goods orders and the final consumer sentiment reading for October. This week’s reports will provide insight into both the housing market and consumer sentiment, while Fed officials’ speeches may offer clues about future monetary policy.

Together With Prosperity Pub

[DOWNLOAD] A faster way to buy and sell stocks?

You've probably heard that most traders fail because of Wall Street. 

While that may be true, the REAL reason most traders lose is because up until now, there has been no way to know what could be the EXACT date to buy and sell a stock…

But today, right here and now, we're going to change that. 

Think of any stock... could be Apple, Nvidia or any of your personal favorites. 

Done that? Good! 

Now head over here and see the specific date you should consider buying the stock 

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Our partner today has been trading for 15 years…

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See disclaimer below

GO DEEPER

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Imagine being a Millennial and trying to buy a house when Simon van Halen to Edward III was king?

35%? Pshhht, get real!

I audibly lol’d at this Tweet when I scrolled past it.

iRobot is trading at roughly $7-8 per share. At one point it was trading at $133. Over the past year, it's down nearly 80%. Yikes.

FWIW: I bought one of these things and it just didn’t work. It got stuck in a 1-centimeter-high carpet. It’s been in our closet ever since. This picture speaks more than 1000-words.

We featured a “moat” related chart in one of our previous Street Tweet newsletters and it was the most clicked image of the month.

Enjoy

Together With Prosperity Pub

[DOWNLOAD] A faster way to buy and sell stocks?

You've probably heard that most traders fail because of Wall Street. 

While that may be true, the REAL reason most traders lose is because up until now, there has been no way to know what could be the EXACT date to buy and sell a stock…

But today, right here and now, we're going to change that. 

Think of any stock... could be Apple, Nvidia or any of your personal favorites. 

Done that? Good! 

Now head over here and see the specific date you should consider buying the stock 

As you'll soon see, by simply spotting the date of your favorite stocks that are likely to go up and when they are likely to drop... 

Our partner today has been trading for 15 years…

And these hotsheets have been huge timesavers when it comes to finding entries and exits on his favorite stocks. 

You can get a better look at the sheets when you click right here

See disclaimer below

Gulp 😬

“For 240 years it’s been a terrible mistake to bet against America” - Warren Buffett

Disclaimer: HIGH RISK WARNING Trading foreign exchange, stocks, options, or futures on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade, you should carefully consider your objectives, financial situation, needs and level of experience. Classified Intelligence Brief provides general advice that does not take into account your objectives, financial situation or needs. The content of this email must not be construed as personal advice. The possibility exists that you could sustain a loss in excess of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin. You should seek advice from an independent financial advisor. Past performance is not necessarily indicative of future success.