Market bulls are back, but what does the US election signal?

Wall Street is returning to an overly bearish sentiment in late 2024, but is this actually a contrarian signal when heading into the US presidential election? BofA Securities Chief Equity Technical Strategist Stephen Suttmeier sits down with"The difference between a normal year and an election year, presidential election year is you tend to get a strong summer rally, which we've gotten this year, June, July, into August, and that typically sets up a little bit of a pullback or...

So September, generally speaking, going back all you using every year going back to 1928 it's the only month of the year that is up less than half the time.Uh, the difference between a normal year and an election year presidential election year is you tend to get a strong summer rally, which we've gotten this year, uh, June July into August, and that typically sets up a little bit of of a pullback or consolidation in September and October.

So in terms of individual investor sentiment, it's a little bit stretched, meaning that you can get some of the seasonality.You know, they went up, uh, as the market corrected, and then they've gone back down, meaning more complacency in the market.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stock market news today: Market rebound wavers in volatile week on Wall StreetStocks rose on Wednesday as investors looked to build on Tuesday's trading session that snapped a 3-day losing streak.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: Wall Street quiet as markets await Nvidia's latest earnings reportNEW YORK (AP) — Stocks are mostly unchanged in light trading as investors look ahead to an eagerly anticipated earnings report from the semiconductor company Nvidia, whose chips power AI applications. The S&P 500 slipped 0.
Fuente: SooToday - 🏆 8. / 85 Leer más »