The First Week of the Rest of Your Life

The next seven days could be unlike any calendar you've ever witnessed in financial market history. I'll be here pointing a camera at it all.

It feels like the markets are climbing a wall of Worry.

Or is it pricing in a Trump victory at a level that borders on overconfidence?

We’re now seeing the crowding into the FAANG stocks, manic buying around Bitcoin, and a rising VIX. That’s in line with early signals of downward selling - but we haven’t even hit the catalysts yet. An election deadlock into next week and questions around the Fed could be insane. So, I’m still urging caution but sticking with the same metrics.

Watch the 20-day moving average of the S&P 500 ETF (SPY) for momentum. And keep a close eye on that 5,800 line, which has recently provided support. I’ve dubbed these next seven trading days (October 29 to November 7) - the final date when the Fed makes its policy decision - The First Week of the Rest of Your Life.

Insider Buying:    

Buy/Sell Ratio Improvement Driven by Slower Selling

• Ratio of Buys to Sells: 1:2.4 ($20.5m to $49.4m)

• Top Buy: $11.7m of Septerna (SEPN) by Third Rock Ventures L.P.

• Notable Purchase: $455K…