Starting this Monday, the market in the United States changes schedule so the Cedears will present a lag in opening and closing.
Starting this Monday, November 4, the market in the United States will have a new schedule. Thus, it will operate 11:30 to 18:00 (Argentina time). Given this, The Cedears will present a lag in the opening and closing.
“We recommend not operating from 11 to 11:30 local time since there will be no reference from abroad”warn from different stock brokers. In Argentina, the opening and closing hours of the market are from 11 a.m. to 5 p.m.
The change is due to the end of “daylight saving time in the United States” which this year began on the second Sunday in March and It ended on the first Sunday in November.
The run-up to the elections in the United States.
The US stock indices They were trading steady to rising on Monday, as investors prepared for a key week for global markets in which Americans will elect a new president and the Federal Reserve is likely to cut its benchmark interest rate.
“It is the biggest event of the year for the markets (…) but we believe that the most prudent thing is not to make big (investment) bets,” said Michael Reynolds, vice president of Investment Strategy at Glenmede.
The VIX measure of CBOEof expected equity volatility, was trading at 22.39, above its 30-day moving average of 19.44. However, it is still significantly down from the 31.8 to 41 it was trading at in the week leading up to the 2020 election.
Source: Ambito
