Listen to the latest market mood for Dow Jones.

Over the next couple of weeks heading into the US election, there is likely to be continued uncertainty and movements in the polls between President Trump and Joe Biden. However, one aspect remains clear and that is whichever of the two wins a US stimulus package will be passed. So, this means from a medium-term perspective any drops in the Dow Jones can be considered as medium-term buying opportunities into the US elections at the start of November. The passing of the US stimulus package will be supportive for US Stocks.

Expect Dow Jones buyers on pullbacks.

Trade Risks

  • The main risk to this trade is any very negative COVID-19 news which offsets the expectations of the passing of a large US stimulus bill.

  • Very poor earnings could also question the sustainability of recent share prices.

Learn more about HYCM

High Risk Investment Warning: Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high degree of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent expert advice if necessary and speculate only with funds that you can afford to lose. Please think carefully whether such trading suits you, taking into consideration all the relevant circumstances as well as your personal resources. We do not recommend clients posting their entire account balance to meet margin requirements. Clients can minimise their level of exposure by requesting a change in leverage limit. For more information please refer to HYCM’s Risk Disclosure.

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