Why the Stock Market Doesn’t Care Who Wins the Election

Jack Carter | November 5, 2024

Hey traders,

Hey, it’s Jack. It’s Tuesday — Election Day — and today I want to share some perspective with you on the election, the stock market, and where our focus should be.

With election season in full swing, I know there’s a lot of noise out there.

The media wants to drive you crazy with it, creating chaos and pitting people against each other. But here’s the thing: the stock market doesn’t care who the president is.

That’s right — it really doesn’t.

The media loves to spin it like the market’s going to crash if one person wins or soar if another does. But take it from me — the market moves on its own terms.

Presidents come and go, and the stock market continues to do its thing.

Think about it: one person, even the president, can barely get anything done in Washington on their own. There are so many moving parts that it’s not just one person pulling all the strings.

So, don’t buy into the hype.

Instead, let’s take a deep breath, calm down, and focus on what really matters — the market itself.

Because the market is not the economy, and it’s not political. It’s driven by trends, earnings, and fundamentals. And guess what? It’s going higher.

If you’re wondering where to put your money, stick with companies in good trends and with solid earnings.

Corporate America is doing just fine, and the president’s not going to change that overnight. There’s a lot of good happening in the market right now, and that’s what we need to be focusing on.

In the end, the stock market is ready to make you as wealthy as you want to be — if you tune out the noise and pay attention to the things that really matter.

So don’t let the election circus throw you off your game. Stay focused, stay smart, and keep looking for opportunities.

Happy Trading, 

Jack Carter

P.S. I’ll be live with Nate Tucci, Geof Smith and a slew of other experts tomorrow — Wednesday the 6th @ 12pm Eastern. We’re sharing out #1 stock pick for the immediate future → Click here to reserve your spot!

Trending Stocks of the Week — November 5, 2024

Jack Carter | November 5, 2024

The Election Day is today – but the real action, in the market at least starts tomorrow where I’ll be live with 4 other market pros breaking down the market’s reaction to the election news — and sharing our #1 stock pick for the immediate future. Click here now to reserve your seat!

Now for our top trending stocks of the week…

To help you discover the power of trends, every week I share with you a handful of the top trending stocks.

These stocks are picked by the custom-built TrendPoint software I designed to pick the strongest trending stocks in the market right now.

If you know anything about me, you know that every trade I get into starts with a trending stock.

Unless a stock is in a strong trend, I don’t want to hear about it. In my book, wishy washy stocks are the quickest way to losing money.

This Week’s Stocks

The major indexes are in gridlock until after election results come in.

When the broad market isn’t cooperating, remember: we trade stocks that are trending more strongly than the broad market.

And the three stocks I’ve got for you this week are on fire:

  • FI
  • TRGP
  • TMUS

And don’t forget about our previous list, which you can find here.

This week’s stocks show a strong trend and could still be in play for the next few weeks.

What can you do with these stocks?

Well, there are a couple of things you could consider — after doing your own research, of course:

  1. You could just buy the stock. This is probably the simplest thing you could do. Then just wait for it to go up and sell when you hit a profit target you’re comfortable with. This is only for stocks we’re long on. For stocks we’re short on, you can short them.
  2. You could buy an option. You know I’m not a fan of speculative plays, but every once in a while it doesn’t hurt to throw a little cash at a speculative option. Of course, while options can move bigtime if the stock goes up… the downside of options is that you have a time limit on how quickly you need the stock to make that move. So think about your risk tolerance and consider buying calls or puts depending on the stock recommendations above.
  3. You could do an income play. If you’ve been following me for any length of time, you know that I’m a big fan of income plays, because they increase your odds of winning. We do this by SELLING options instead of buying them. If you haven’t tried your hand at income trading yet, I urge you to try this exercise for yourself.

Without risking any money, it will really let you see the power of income trading and why it’s my favorite method.

Whether you end up doing naked puts, covered calls or some kind of spread (like this bull put spread example), income plays like these are really my preferred method to use when I’ve found a great trending stock like the ones on this week’s list.

Because even if the trend comes to an end, you don’t have to be exactly right. With a direction play like buying a call, you have to be exactly right. But an income play gives you a lot more “leeway”, where the stock can move against you and you still have room to breathe and win the trade.

That’s it for now.

Stay tuned, because I’ll be sending you a new list of TrendPoint Best Trending Stocks every week! (usually Mondays)

Trade well,

Jack Carter