Midterm Election Mind-Reading: The Market Tends to WinBreaking News
tags: stock market, Midterm Election
Will the Republicans win control of Congress? With summer drawing to a close, the midterm election is just two months away and this question is likely to be analyzed and debated with increasing urgency.
But for the stock market, the answer may not matter at all: The market has a tendency to rally no matter which party wins a midterm election. That’s what the historical record suggests, anyway.
In fact, from the standpoint of stock market history, political outcomes aren’t very relevant, but the calendar is. September is typically a difficult and volatile month for stocks, while in a midterm election year the clouds over Wall Street have tended to lift in October. Regardless of which side has won in a November midterm election, the market has generally prospered for the rest of the year. And it has often excelled in the next calendar year, typically the most propitious year for stocks in what is often called the four-year presidential cycle.
comments powered by Disqus
- The Rothschilds, a pamphlet by ‘Satan’ and anti-Semitic conspiracy theories tied to a battle 200 years ago
- How Smithsonian Helped Solve the Twitter Mystery of the Unknown Woman Scientist
- It’s Disturbingly Easy to Buy Iraq’s Archeological Treasures
- Geneticist at Harvard Medical School has retrieved DNA from more than 900 ancient people.
- A load of gold worth up to $54 million went missing during the Civil War. There may be a break in the case.
- Historian: The Heavy Burden of Teaching My Son About American Racism
- Teachers are using ‘Black Panther’ to discuss African colonialism and American racism
- Q: “Sir, would you like a history of this monument?” A: “F**k You!”
- Russian gulag historian faces 9 years in prison
- “Civilisations" presenter David Olusoga blames Winston Churchill for war crimes in Africa