JEPI - Trump's COVID Infects The Market Bounce. Is It Over?

• As news hit that President Trump and the First Lady contracted COVID-19, so did the market at the open with Dow down roughly 450 points.
• With the election already a concern, no fiscal stimulus on the way, and rising weakness in the economic data, we added a short-market hedge to portfolios on Friday to reduce our equity exposure over the next few days as a precaution.
• While I detailed the historical data previously, Dan Clifton of Strategas Research Partners also shows the markets don't care much about election outcomes.

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