The Week Ahead.

U.S. stocks finished lower on Monday as traders awaited the presidential election and the Federal Reserve's interest rate decision.

?? DJIA -0.61%, S&P 500 -0.28%, NASDAQ -0.33%

Daily Market Commentary will be off on Tuesday.

Stocks traded mostly in negative territory on Monday as traders were cautious about the upcoming election and Fed policy meeting.

U.S. Treasury yields retreated after an Iowa poll from the Des Moines Register showed Vice President Kamala Harris leading former President Donald Trump by 3 points. Other polls show the two candidates in a tight race in swing states.

In recent weeks, Treasury yields, and the U.S. dollar rallied as some investors anticipated a Trump victory.

Oil prices rose significantly on Monday after the Organization of the Petroleum Exporting Countries (OPEC) said it would delay production cuts by one month.

In addition to the U.S. Presidential Elections on Tuesday, the Federal Reserve will deliver its interest-rate policy decision on Thursday.

Trading on Monday:

• The U.S. 10-year yield fell 5.2 basis points to end at 4.309%.
• NYMEX WTI crude oil settled up 2.85% at $71.47 a barrel.
• COMEX gold fell 0.09%, settling at $2,736.10 t oz.
• The U.S. dollar weakened as the U.S. Election weighed. ?

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Looking Ahead

Traders were cautious ahead of this week's key events. Some commentators credited the unwinding of the "Trump trade" for today's decline as new polling data suggested a tighter race than thought. In our view, investors were generally cautious over the election and the upcoming Fed decision.

The Fed is widely expected to cut rates by 25 basis points on Thursday, but weak jobs numbers reported last Friday may provide impetus for a deeper cut. Investors will closely follow Fed Chair Powell's comments after the decision.??

We remain positive on financial markets and will closely monitor this week's developments.

?? Last Week’s Chart

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MCF Capital Management, LLC is an independent, family-run, financial advisory firm that manages investment portfolios for individuals and businesses through Quantitative Market Data Analysis.

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THIS ARTICLE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INVESTMENT ADVICE.?

???SOURCES:?LSEG Workspace, Dow Jones NewsPlus, MarketWatch, Wall Street Journal, Barron’s, FinancialJuice, Investing .com, CNBC, Reuters, Wells Fargo Investment Institute, TradingView, Zacks

*Top Image: Monday’s Intraday Chart (1 Minute), Source: TradingView via LSEG Workspace