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Watch: Kevin Simpson Comments on Stimulus

Kevin Simpson, Founder and Portfolio Manager of Capital Wealth Planning, joins Yahoo Finance’s Kristin Myers to break down the latest market action, as Sen. McConnell blocks the $2,000 stimulus check vote.

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Read: CASES ON THE RISE Presidential Election, Coronavirus, No Stimulus…

With the recent volatility, we were active with call writing in late September into early October as the market was rallying back from the early September stumble. In addition, we’ve been holding some excess cash to help smooth out some of the heightened volatility that could result from a contested election. Now that the market has pulled back, the last of our October call options expired on Friday. It’s still possible the market surprises us on election night and, after last week’s sell off…

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Listen: Jeff Saut Joins Alpha Trader Podcast

Saut’s advice in a nutshell: Stop focusing on the day-to-day news and market gyrations, and instead recognize that we’re in a secular bull market that began early in 2009 and has many more years to go.

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Watch: Kevin discusses Trump’s hospital discharge

Capital Wealth Chief Investment Officer Kevin Simpson joins Yahoo Finance’s Kristin Myers to discuss the latest market action, as President Trump announces he’ll be leaving Walter Reed hospital this evening.