Historically Election Years Rally Late, Will We See Some Election Volatility?

Benzinga

Historically Election Years Rally Late, Will We See Some Election Volatility? Ryan Detrick, CMT from the Carson Group joined Benzinga's Premarket Prep to discuss.

Transcript

00:00You attend the bottom in election year around now.

00:02Now, let's be very clear.

00:03You also tend to see some weakness, right?

00:05September, October of an election year

00:06usually aren't very strong.

00:08Clearly, we're kind of bucking that trend.

00:10Who knows, maybe October still could finish lower.

00:12We got a six-week win streak

00:13probably going to end right now.

00:16Historically, you tend to see outperformance

00:17after six-week win streaks.

00:19But anyway, just be aware,

00:20maybe the next week or two,

00:21you get a little volatility,

00:22a little sell-off, perfectly normal.

00:24Although then again, I did share earlier

00:26where these next upcoming days are pretty bullish,

00:27but I wouldn't be surprised

00:29if we did see some election volatility.

00:30I just want to be clear there.

00:32But to be open to that end-of-year rally.

00:34So this just puts in context,

00:35this might be a tad old, yeah, October 5th,

00:37but puts in context just how strong

00:39this election year is, right?

00:41We've hit, this is fun,

00:42we've hit a new high in every month

00:44except for the ones that start with A.

00:45April and August.

00:47I don't know.

00:48Last I checked, no more months end in As.

00:49Maybe that's a good thing for everybody.

00:51But anyway, we've hit 47 new all-time highs,

00:53or 48, 47 or 48, I shouldn't know that,

00:55but we've hit a lot of new all-time highs.

00:57Believe me, we think there are

00:58some more still coming once we get past the election.

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