Daily Note | November 5, 2024 | Election Day, PDO & FTHY Look Interesting

Markets are up nicely ahead of the presidential elections. The S&P is up 1% led by semis (Nvidia is up more than 2%). Bond yields are higher as the curve bear steepens but the US dollar is weaker. Energy and metals are doing well too.

The 10-year yield is back over 4.35% as the prospects of certain election outcomes appear more likely.

I continue to watch…