Still room for more downward action

FOR MONDAY: (10/31) The FBI reopening of E-mail gate has pundits talking a Trump election means stocks down 10%. Our work has been looking for S & P 2000 into December so maybe that will be the case. We still suspect there are many more surprises coming before and after the election and the market won’t like the uncertainty. For now, stocks keep ratcheting lower and we’re inching toward the FOMC meeting on Wednesday. Usually the Monday before the FOMC meeting is a low and it’s also the last day of the month this time so still room for more downward action.