All eyes are on China and our lingering inability to make a reasonable trade deal.  There are too many egos at the table.  Regardless of the why, the tit-for-tat battle between the two leaders is dragging us down.  The market hates uncertainty and here it is.  However, it’s not the only game in town.

There are some sectors and Wall Street types who are freaking out about the possibility of a Warren presidency.  As an investor, I’m staying away from a few of these sectors, for now.  These include managed healthcare like UNH and some of the ‘targeted’ mega-cap corporations like Facebook (FB).  There will be good opportunities to dip my toes in these beaten down companies, but I’m not quite ready.  UNH is in that odd space between politics pulling it down and not having exposure to China, which helps it rise.  For now, it’s stuck at low levels.  We’ll watch this one.

Warren vs Biden