The election is Nov 8th. Next fed meeting is Nov 1-2. Early voting has started in parts of the US. My gut tells me fed talk will be more subdued until after the election. There is probably some not so subtle conversations going on from the admin to the fed and why wouldn't they. Being wrong on this will not be great for my portfolio but thats where my mind is. Regardless I am taking profits again if the market approaches the 200 day moving average as that is where the summer rally fizzled and my personal opinion is this is another bear market rally we have started.
I'm still on the don't fight the fed bandwagon. And sitting on the sidelines in any capacity will now be netting you 4-5% over the next year.
Just to rant, I'm still pissed at reading for decades how a 60/40 portfolio stocks and bonds is a nice hedge for a downtown. The bond funds I had in my 401k were down 9% when I moved that portion back into stocks. Never again. Going forward I am either stocks or cash for the rest of my life. There will be no bonds in my portfolio. Why would I if I view that percent of my retirement as conservative. Full disclosure I was 80/20 when I made the move. Everyone who pushes bonds can get fucked. What is their use?