Election Buzz and Google’s Growth: What’s The Impact?
Chart: $TNX 1-year daily
The HCM-BuyLine® is positive, and the trend is still strong. With 6 days left before the election, what should we expect? We have heard a lot over the past three months, from higher taxes to tariffs. As we have heard and read, the best case is probably a stalemate with a divided government. There is a massive amount of cash on the sidelines that if, and I say if, rates start to drop, should find its way back into the equities market. Rates have been marching higher ever since the Fed lowered rates, as investors are taking notice of how high our national debt is and how fast it is growing. Rates appear to be overbought and could be ready for reversal, which should send bond prices higher.
Google parent Alphabet reported third-quarter sales that climbed more than analysts expected, helped by the growth of its cloud computing business. As its main search business matures, Google is betting big on its cloud division, which supplies computing power, software, and services to other companies. Google is drawing more cloud customers using its artificial intelligence expertise to gain ground on larger rivals Amazon and Microsoft, making inroads by signing on fast-growing AI startups—some of which were founded by former employees—as clients.
Chart: GOOG 1-year daily
