Nasdaq Correction Story Isn’t Over, BTIG’s Emanuel Says

Julian Emmanuel discusses the market's reaction to political developments, focusing on NASDAQ futures and the implications of a divided government. He highlights the mixed market signals, the impact of declining yields, and the ongoing threat of the virus. Julian advises on hedging strategies in a volatile environment and emphasizes the importance of the Fed's role in cushioning economic challenges, advocating for more fiscal stimulus to support small businesses.

What was the market's reaction to the Senate remaining in Republican hands?

• A shift towards energy stocks

• A focus on NASDAQ and healthcare

• A decline in NASDAQ futures

• Increased corporate tax hikes

Why is healthcare considered a key sector in the market?

• It has no impact on the economy

• It is trading at a historical premium

• It is unaffected by political changes

• It is trading at a historical discount

How did the market narrative change after the election?

• From focusing on healthcare to focusing on energy

• From expecting a divided government to a blue wave

• From expecting a blue wave to a divided government

• From expecting high volatility to expecting stability

What is the potential threat to the economy in the coming quarters?

• A stable political environment

• The accelerating virus

• An increase in corporate tax rates

• A decrease in NASDAQ futures

What is Julian's approach to hedging in a volatile market?

• Relying solely on options

• Selective shorting of volatility

• Avoiding any form of hedging

• Investing heavily in new winners

What role does the Federal Reserve play according to Julian?

• It should avoid buying assets

• It should focus on increasing interest rates

• It acts as a lender, not a spender

• It can solve all economic challenges

What is the significance of the Fed's actions in the current market?

• They can replace the need for fiscal stimulus

• They are limited and require fiscal support

• They focus solely on large corporations

• They are unnecessary in the current climate