Election years are particular.
Financial institution of America put out a notice final week saying that the concept of “promote in Could and go away” isn’t at all times true — particularly throughout election years.
Which we’ve got this yr.
I went again to 1928 and ran all the information.
June to August is definitely the second strongest three-month interval for the yr, going again to 1928.
It reveals the S&P 500 up 65% of the time with a mean return of three.2%. However guess what?
In election years, it will get even higher.
Between June and August of election years, the S&P 500 is up 75% of the time with a mean return of seven.3%.
Now, I don’t need to sound like a conspiracy theorist … however if you happen to’re working for reelection — like we’ve got this yr — you’re going to pull any doable strings you possibly can to make the economic system and the markets look higher than anticipated.
On Could 9, the S&P 500 rallied 26 factors on the information of a leap in U.S. jobless claims to the best degree since August.
However the market has been on an upward swing…
The Dow, S&P 500 and Nasdaq are all up at a mean of 4% collectively, since Could 1.
Unhealthy information for the broader U.S. economic system is sweet information for shares — as dangerous information means the Federal Reserve could minimize charges sooner reasonably than later.
Paired with the historic knowledge and my very own take (which we’ll get into right this moment), I predict that we’re proper on the cusp of a good larger summer season rally up forward.
That can assist you reap the benefits of this, one alternative we’re highlighting right this moment is a brand new and promising one for artificial intelligence…
It’s in its early levels, however already it reveals the potential to turn out to be a $2.5 billion market!
Discover out extra in right this moment’s video…
Click on the thumbnail beneath to begin watching:
(Or read the transcript here.)
🔥 Sizzling Matters in Right now’s Video:
- Market Information: Unhealthy information for the economic system truly means excellent news for shares this week. Does the most recent financial knowledge sign an upcoming rate of interest minimize from the Federal Reserve? [0:57]
- Tech Developments: There’s a brand new AI mega development brewing! Discover out extra about this potential $2.5 billion investing alternative — and the corporate poised to revenue from it. (And if that’s not enough, here’s another AI opportunity). [5:08]
- Investing Alternative: We’ve been researching a brand new commerce advice that aligns with right this moment’s AI mega development … Details on how you can get the alert here. [7:22]
- Crypto Nook: Consensus 2024 is coming quickly! It’s the world’s largest convention for all issues crypto, blockchain tech and Web3 developments. [9:42]
What Do You Suppose?
Do you could have any extra questions on AI innovation, right this moment’s mega development or cryptocurrency?
Tell us at BanyanEdge@BanyanHill.com.
Till subsequent time,
Ian King
Editor, Strategic Fortunes