re: Should I move my 401k money to the cash option ahead of the election?

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A +7% move from the close last week based on an outcome that was widely portrayed as "baked in" is concerning.

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I don't think any particular election outcome was baked in. To me, the sell off last week was an attempt by investors to reduce exposure and mitigate risk. This rally is the result of an election outcome that is basically a best case scenario for most of the market.