The Closing Look

Stocks rallied on Tuesday as Americans cast their vote. The market opened a little lower after the latest round of earnings blowups were announced. $HTZ, $VRX, $CVS, $W, $DEPO, $TAST, and $DHI were some of the stocks that fell after reporting earnings. Buyers quickly showed up and sent stocks higher after early exit polls suggested that Hillary will win the election. Remember, Hillary represents more easy money and, at this point, markets love easy money.

Gary’s Thoughts: No need for a closing look. Let’s wait for Wednesday’s close.