Investors are holding off on ‘big bets’ for now: Strategist

Markets closed the day in the red on Monday as investors are gearing up for a week of potentially huge market-moving events, including the US presidential election and the Federal Reserve’s next policy decision. The S&P 500 (^GSPC) dipped 0.28% while the tech-heavy Nasdaq Composite (^IXIC) fell a third-of-a-point, and the Dow Jones Industrial Average (^DJI) fell over 250 points in the day’s session Piper Sandler Chief Investment Strategist Michael Kantrowitz joins Josh Lipton and Julie Hyman on Market Domination to discuss his market outlook ahead of a key week for Wall Street. When asked about what to watch over the next few days Kantrowitz says “there’s quite a bit of volatility catalysts beginning this week, even last week with the [October] payrolls number and earnings have been very mixed.” In regards to election volatility Kantrowitz states “There’s definitely idiosyncratic areas like EVs, financials, and industrials that are more sensitive to the different policy outcomes. But given the tightness of the race, we don’t hear that investors are taking big bets right now.”
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