Midterm Elections = Stock Market Volatility
Midterm election years tend to be relatively volatile periods for the financial markets and Doug English, CFP® says he expects 2018 to finish with that trend intact. Mike Switzer interviews Doug on National Public Radio’s South Carolina Business Review radio show. Click the link below to listen to the replay.
“The midterm election years tend to be the most troublesome in the presidential cycle. Historically, it’s when we see the biggest intra-year stock pullbacks. Since 1950, the S&P has been down on average 17% at its intra-year lows. One potential reason for this is that in the past, the political party that won the presidency loses a bunch of seats in the House and Senate during the midterm election. ” —Doug English, CERTIFIED FINANCIAL PLANNER™. Click here to learn more about Doug.
Click here to listen to the full South Carolina Business Review radio interview.
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