There will be no stimulus deal before the election- Pelosi won't hand that card on a golden plate to Trump before the election, period!
Nov 3rd: If Trump wins- continuation of bubble to a new ATH If Biden wins- election will be contested due to mail-in voting fraud and riots will engulf everywhere until the situation gets under control.
This is only one of the possible scenarios, take your own decision and risks or stay in cash until it's clear.
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Clarification: Pelosi cannot even let Trump accuse the Dems of strangling the deal and use that to his advantage to get the votes from the desperate people on the election day. Hence, they might announce an agreement has been reached to but no vote will take place until after the election, no money will be paid released before the election. That's my take on the continues hopes for the past two weeks. After the election we will resume back to vaccine optimism headlines
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deal or no deal? maybe before the election? or maybe not ...
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Senate is adjourned until Nov 9. No deal before the election. Let's get the vaccine headlines back online, otherwise, 320 then 310 might be tested if 333 goes.
Expect resistance around 334-333