It has been a long year but at least the political clouds will clear soon. One way or another, Wall Street is now close to resolving the binary question of who will be elected president next month to begin a four-year term of service in January.
The market has already endured months of analysis, second-guessing and propaganda. Now we just have to get through the remaining days to the election with our discipline intact.
Some say the polls are either terrifying or completely inaccurate. In their view, Donald Trump can’t win another term unless all the data points are wildly out of touch with reality.
Others trust the polls and are retreating from what they see as an economic disaster in the making. Nobody is happy, and the market’s brittle tone reflects the almost-universal tension in the air.
Speculators high on the Fed’s easy money should feel the chill in the air. Believe it or not, the world is not going to change for the rest of us once the votes are counted.
That might just be the biggest election shock of my lifetime. And there’s time for investors to pivot into the post-election hot spots no matter who wins the White House.
Market Professionals Agree: Get Ahead of The Biggest Election Shock of All
First, I want to share a few numbers to back up my cautious optimism about the post-election landscape.
An informal survey conducted this week showed 70% of professional wealth managers are braced for a Biden presidency. If anything, my colleagues in the market think Trump’s chances are a little better than broader polls suggest.
What’s striking about this particular survey is that nobody asked which candidate people were voting for or who they hoped would win. This is not about feelings or preferences. It is only a matter of probability.
But then the survey asked where wealth managers think the market will go under various political scenarios. Nearly half said a Biden win would be good for stocks, a sentiment most of those who see a Trump win ahead echoed.
Add them together and 77% of the people who know more about the market than anyone else expect 2021 to be a good year. They’ve run the numbers and neither side of the party divide sees a crash coming.
I’m with the bulls. If everyone is anxious right now, at least half the population will cheer up in a few weeks. Their relief and optimism will be good for the market.
After all, the market revolves around the economy, which is beyond the White House’s ability to control. If anyone calls the economic dance, it’s the Fed and the corporate community itself.
Fed policy isn’t going to change until the COVID-19 vaccine is ready and businesses are healthy enough to tolerate higher interest rates. That probably won’t happen until 2022, at the earliest.
Small Stocks, Long Timelines: Get Ahead of The Biggest Election Shock of All
Meanwhile, innovation continues to create opportunities for investors to buy great ideas before they create trillion-dollar giants.
I’ve said it before, but the time to buy Amazon.com Inc. (NASDAQ:AMZN), Apple Inc. (NASDAQ:AAPL) and Microsoft Corp. (NASDAQ:MSFT) was 20 years ago. If you want to replicate their success, look for the companies that can become giants in 2040 and beyond.
By the time you’re looking across decades, instead of days, the political cycle fades into the background. When AMZN, AAPL and MSFT were once-in-a-lifetime buys, everyone else was fretting about whether Al Gore would contest the 2000 election.
We ignored the noise and simply bought the stocks. History shows the wisdom of that strategy.
Now we’re looking past that initial dot-com boom toward more advanced technologies: artificial intelligence, self-driving cars and “smart” devices communicating with each other. All will require a deeper level of network capacity to operate.
One way or another, the 5G telecommunications revolution is real. It’s coming, no matter who wins the White House.
Is it any wonder my IPO Edge portfolio has tripled the S&P 500 performance in this pandemic year? Our active positions are up over 20% on average. The market as a whole has yet to crest above a 7% return so far.
And while the rest of Wall Street is distracted by the election, now is the perfect time to start grabbing the best stocks of the new generation.
We look beyond the news cycle every week on my Millionaire Maker radio show. Now there’s a podcast to keep you focused on opportunities to build real wealth while avoiding obvious threats. (Click here for a list of stations and archived episodes.)
Update on Private ‘Off-the-Record’ Post-Election Summit
Finally, we are really excited to let you know about what is the first actual, in-person get-together we’ve had since very early this year, and it is the just-confirmed, just-verified and ready to rock and roll financial event of this post-lockdown year.
Today, we are cordially inviting you to our private, in-person “off the record,” financial summit sponsored by the Investment Club of America. This confidential meeting will take place on Nov. 6-7 (right after the elections) in an undisclosed location in Las Vegas.
Why is this gathering so secretive? Because our First Amendment rights are being abridged by power-hungry politicians, and we need to maintain a low profile in an era of big government.
We live in dangerous times, in which our freedoms and wealth are threatened as never before. The November 2020 election has become the most important election of the 21st century due to the stark differences between the two parties. Trump and the Republicans are struggling to maintain power in the face of a never-ending pandemic. Their policies of tax cuts, deregulation and appointing conservative justices could be overturned soon.
As it stands today, the election betting odds still favor the Democrats. If the Biden/Harris ticket wins and the Democrats take over the House and the Senate, what will this mean for investors, entrepreneurs and the citizens of America? Will the stock market crash and gold soar?
Biden & Co. have promised massive tax increases on wealthy entrepreneurs, elimination of the long-term capital gains ‘break’ on stocks, bonds, gold, silver and real estate (with tax rates exceeding 50%).
They have also promised socialistic programs like Medicare for All, free college tuition, a New Green Deal, a wealth tax, severe limitations on free speech, a new Supreme Court, all on top of out-of-control government spending. The Great Suppression has begun!
That’s why we are holding this Post-Election Summit. It is critical to your pocketbook and your way of life.
And to help make sense of it all, we have brought together some of the world’s top experts to discuss the outcome of the November elections. What will it mean in terms of our citizens’ rights to speak out, to run our businesses, to invest, to travel, to assemble and to be left alone?
Will our freedoms and standard of living be curtailed due to new government policies? Will our wealth come under attack with new taxes, inflation and regulation? Will tech and gold continue to be the favorite stocks after the November elections?
We have brought out the best and the brightest analysts in finance, economics and politics to provide their analysis and answer your questions.
The Post-Election Global Financial Summit is an “in person,” face-to-face event — not a “virtual” conference. Due to legal restrictions, attendance at this in-person event will be limited. We urge you to register now and not be disappointed.
The price for this two-day event is $299. There are no discounts and we expect to sell out quickly. To learn more about the conference, go to https://globalfinancialsummit.co/.
After you register, you will be given the name and location of the Las Vegas hotel, and you then can reserve your room and make your travel arrangements. The hotel is only $99 per night, plus tax. There is no resort fee. Parking is free. We arranged a great deal for you!
Special Note: Please do not discuss this conference on social media. This is a private conference by special invitation only. Thank you.
Our Confirmed Speakers for This event:
Mark Skousen, veteran editor of Forecasts & Strategies and the producer of FreedomFest, will analyze the impact of the November elections on the economy, the dollar, taxes and your wealth. He will give specific recommendations — what to buy, what to sell and what to expect in the next year for stocks, bonds, the dollar, real estate and commodities.
Jo Ann Skousen, associate editor of Forecasts & Strategies and director of the Anthem Film Festival, will discuss her greatest concerns for the future — the protection of the twin pillars of freedom.
John Fund, senior editor of National Review and the nation’s foremost authority on politics and elections, will assess the good, the bad and the ugly coming out of the November elections.
Sean Flynn, economics professor at Scripps College (Clermont) and principal author of the top economics textbook in the country, will assess the “New Normal” after the elections — how to survive and prosper in an age of higher taxes, growing deficits and more regulations. As the author of “The Cure That Works,” he will update us on the future of health care and the pandemic.
Jim Woods, known as the Renaissance Man, the #1 financial blogger in the world according to Tip Ranks, and co-editor of Fast Money Alert with me, will discuss his favorite investment strategies for 2021.
Hilary Kramer, editor of the popular 2-Day Trader, a talk show host and a graduate of the MBA program at the Wharton School of the University of Pennsylvania, will discuss how the November elections will be a “GameChanger” (the title of her most popular book that was #1 on Amazon this year and was also on the Wall Street Journal bestseller list).
Bryan Perry, editor of the prestigious Cash Machine advisory service, will offer his best post-election investment choices in high-tech and high-income.
Adrian Day, founder of Adrian Day Asset Management and the world’s top authority on global investing and mining stocks, will offer specific advice on the outlook for global investing, the dollar, and commodities, with specific recommendations from blue-chip miners to penny stocks that are likely to double or triple in the coming year.
We just confirmed Barbara Kolm, vice president of the central bank of Austria, who will give us an update on Europe.
More speakers will be added soon and Roger Michalski, publisher of Eagle Financial Publications, will moderate.
Time is short, and now is the time to act if you wish to be part of this historic gathering. Attendance is strictly limited, so sign up today at https://globalfinancialsummit.co/.
CANNABIS CORNER: Good News From the North
Across the history of the cannabis industry, sentiment and fundamentals have often moved in opposite directions. That’s what makes it especially gratifying to see stocks and sales move together this week.
The latest Canadian numbers reveal that cannabis sales jumped 5% between July and August, hitting a record in the process. That’s roughly $186 million a month for the growers to share.
Every Canadian province reflected the uptick. And with revenue pointing in the right direction, I’m happy to report that the stocks are rallying.
Canopy Growth Corp. (NYSE:CGC) is up 38% this month. Tilray Corp. (NASDAQ:TLRY) is doing even better. Even Aurora Cannabis Inc. (NYSE:ACB) has erased its post-earnings losses and gotten back to work.
On the retail side, GrowGeneration Corp. (NASDAQ:GRWG) and Green Thumb Industries Inc. (OTCMKTS:GTBIF) are up around 28% in the last three weeks. It looks like a boom.
Admittedly, it’s still the early stages, and these stocks have a lot of heavy lifting left to do before long-term shareholders can feel good about the future. But that future now looks brighter than it did a week ago… and for once, the stocks are responding.