Preparing for Q3 Earnings Season, Election and Some Trade Ideas
One thing I would follow heading into Q3 earnings season is the number of, magnitude of and type of firms that issue negative / positive pre-announcements heading into Q3 EPS season; that should provide some general sense of short-term direction for various sectors.
I would avoid being short right now for US equities - there seems to be a lot of momentum buying out there and fighting the tape at this point is, in my view, somewhat risky ...
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