JEPI - The Pre-Election Correction Continues Is It Over?

• On Friday, due to the "quad-witching options expiration" (when all options contracts for the current strike month expire and rollover), the market gave up support at the 50-dma.
• The markets are very oversold short term, so a tradeable "bounce" remains very likely in the next few days.
• While you may feel strongly about one party or the other when it comes to politics, it doesn't matter much when it comes to your money.
• Holding a little extra cash, increasing positioning in Treasury bonds, and adding some "value" to your portfolio will help reduce the risk of a sharp decline in the months ahead.

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