Meta Strategy Trading Portfolio – Probability Map Update.

– Wednesday Positioning Update –

A Last Window for Weakness

The best season for stocks is nearly upon us.

Demand is high due to a number of factors that cause liquidity to flow into the market, especially after US presidential elections.

In 2024, however, we have seen a tendency for seasonal effects to be anticipated and pulled forward.

The coming week is a last window for potential seasonal weakness with maximum election uncertainty going into the ballot date on November 5th.

A sharp pullback would be very healthy in my opinion, because it would clear out potential headwinds to a year-end rally scenario.

Should we see continued resilience over the next two weeks, I would expect a more muddy fall season riddled by traps.