This podcast is produced by KPP Financial, Steve Peasley President,

KPP Financial, Independent thinking, shared success.

And now today's podcast.

Good afternoon fellow investors and welcome to Invest Talk. This is our Monday, November 2nd, 2020 edition of Invest Talk and I appreciate you all tuning in today and I would love to hear from each and every one of you if you have a

question don't hesitate to reach out on our listener line 88899 chart and

voice your concerns your questions whatever is on your mind.

Now, today is November 2nd, which means tomorrow is November 3rd, and the big day,

election day.

And, you know, I could sit here and prognosticate and that's I think more for

the pundits to really hash out you know the ones looking at the data and everything

but what is most important is how the market is

reacting or will react, and you're already starting to see a little bit of reaction.

Now, clearly, the odds makers, those that you know are

taking bets on the outcome and then have the most money at stake for all of this.

They're pricing in a good chance that Biden wins, a decent chance that there is a blue wave and the market is starting to price that in as well.

What you're starting to see here are small caps and value stocks outperforming the growth side of the market.

You had the NASDAQ today, down, let's see, was it down, and down ended up still about 46 points,

but that was minor compared to what the rest of the market did.

The S&P was up 40 points as well, but obviously on a much lower base, right?

3,300 versus the NASDAQ is 11,000.

So you can see the S&P did better than NASDAQ.

In small caps, the Russell did even better than that because they're concentrated.

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