11.23 Need financial support so badly you could reach out of your throat

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This is Ere.

*This article is not intended to indicate or recommend buying or selling timing.

Please make your own investment decisions.

Market Summary

The decline in U.S. stocks shows no sign of stopping.

On a weekly basis, sentiment is not bearish in a risk-off sense; the drop seems to stem from a market environment that lacks the momentum for new investments toward the year-end while preserving investor appetite.

In particular, the U.S. stocks that had the largest gains appear to be lagging behind globally as if preparing for year-end dollar demand.

With risk asset portfolio allocations at an all-time high and, ordinarily, more cash kept on hand being diverted into investment actions, if fiat currency is drying up, a move to secure dollars from risk assets may become more active.

On Friday, news of the Fed reducing its lending facilities hit the market, wiping out the late-session gains and leaving prices to finish lower.

The currency market’s lack of follow-through with risk-off direction also seems to reflect the current situation.

The currency pairs have been moving almost flat, with daily volatility thinning.

There is a lack of catalysts, so this is probably inevitable.

Fiscal support: something one would kill for

Looking at the global picture, the United States remains the most uncertain, and capital exiting the U.S. aligns with other regions not falling.

More than anything, the ongoing chaos of the presidential election has yet to deliver a clear resolution.