Reported 2 months ago
As the election approaches, stock market bears are encouraged by historical seasonal patterns in market behavior, particularly in September and October which often see downturns. Ryan Detrick, head market strategist at Carson Group, emphasizes that while seasonality offers insights, it's crucial to combine them with current market conditions and uncertainties. The data suggests that despite August being a difficult month for investors, the market typically rebounds toward the end of the year, aided by increased consumer spending during holidays.
Source: YAHOO