This thread is always fun to resurrect.
Looking at the 3 month returns on VTI/VXUS and the upcoming election, why not!
I was waiting for someone to post here.
I think there are some election jitters going on right now. What I'm surprised at is how little its manifested its way into stock prices.
FWIW, i did notice that when the S&P hit exactly 2100, the algorithms started buying in.
At first I thought, could it be options traders? holders of e-minis? After a second data point, I concluded no.
At exactly the same moment, the Dow TSM jumped up too. While the S&P would have many strikes at 2100, the Dow TSM bounced at 1036--a completely irrelevant price point. What do the 505 companies on the S&P have to do with the 3000+ companies on the TSM? Supposedly, not much.
The two moved in tandem. At the sheer breath of the movement over 3500+ companies, I'd say the only parties big enough to have that kind of effect are central banks.