Investors usually prepare for volatile stock markets in election years, but Sam Stovall, chief investment strategist at CFRA, says 60 years of data shows they worry too much.
He said: "A lot of strategists are saying that as we head into the election, markets are likely to get a lot more volatile. But actually history says the opposite." Stovall said stocks have tended to perform worse in September, with an average loss of 0.51% in since 1945, this trend has been gradually changed.Visit Business Insider's homepage for more storiesThe upcoming US election has been cited as a key factor causing volatility for markets this month, but one strategist says that September will be calmer than many investors expect.
This is the view of Sam Stovall, chief investment strategist at CFRA, who uses data going back to the 1940s to show that September doesn't bring the kind of volatility many fear in election years. "A lot of strategists are saying that, as we head into the election, markets are likely to get a lot more volatile," the chief investment strategist told CNBC's""If you look to the volatility in the three months prior to the election, compared with the non-election years, actually volatility typically is less," he added.
Going to fall like a mutha if this idiot Biden gets elected.
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