FOR FRIDAY: (10/21) Cycles for Friday look weak or at best sideways for equities. Lately Friday is a throw-away day with position squaring before the weekend. Something more dramatic is possible. No major reports out except Fed Speak. Will we get new scandals over the weekend and will the press continue to ignore them? Yes. We’re moving toward a kind of Watergate Presidency if Hillary is elected and that’s not going to be good for financials. The Dems are going to have to sweep Congress if she is going to survive.
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