BREAKING: The S&P 500 is now on track to open below 7,500 for the first time since July 31st as markets price-in a Democrat victory in both the House and Senate.

Nasdaq 100 futures are now down more than -2% tonight.

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  • A -2% futures move is big, but I would not assume the election outcome is fully priced by the open. Feels like the next CPI print matters more.
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  • Tech fundamentals do not change overnight, and a 2 percent futures drop on election pricing is still just noise to me
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