There’s buzz in the air about tomorrow’s U.S. election, with whispers suggesting that a Trump victory could send markets soaring, while a win for Kamala might spell the end of the bull run. But can a presidential election alone truly steer the course of the market?
Historically, a new president hasn’t been the defining factor in halting or fueling a bull market. Instead, the market’s path ahead will likely hinge on critical economic events set to unfold in the coming weeks – events that may carry more weight than the election itself.
Here’s a quick look at what’s coming: the FOMC will announce its interest rate decision on November 7, followed by the release of October’s CPI data on November 13 and retail sales figures on November 15.
Toward the end of the month, we have BTC CME options expiring on November 29, adding another layer of potential volatility.
December isn’t slowing down either, with key dates like the ISM Manufacturing PMI on December 2, another FOMC rate decision on December 17-18, and finally, BTC CME options expiration on December 27.
These macro events will be crucial in determining the market’s trajectory, irrespective of tomorrow's election outcome.
Keep a close eye on these dates – they’ll likely reveal more about the market’s direction than any election ever could.
