ACTV - Election Years Create Their Own Patterns
2024-05-08 14:20:00 ET
Summary
- YTD stock returns have been driven by earnings growth, supported by a resilient economy. That said, traditional seasonal factors would indicate caution in the near-term.
- Historically, May through September tends to be the weakest period for stocks. During election years, summer weakness often shifts to the fall.
- Strong market momentum and a resilient economy may keep stocks in positive territory, or at least until the fall when the election gains more focus.
Stocks have recently struggled with higher rates, but year-to-date, 2024 has gotten off to a decent start. While several parts of the market, notably small caps, have been left behind, as of mid-April the S&P 500 is up roughly 6%....
Election Years Create Their Own Patterns