US Stock Market Rises After End of Midterm Election Uncertainty

Get ready for a midterm election after-party on Wall Street.
If history is any guide, stocks are about to rise a lot. U.S. stocks have gone up substantially during the six months following the past 13 midterm elections.

If that perfect track record isn’t compelling enough for you, the average S&P 500 rally during those six-month stretches was an impressive 16.5%, according to BTIG. That crushes the average November to April gain of just 3.7% in all other years.
“After midterms, you often get deals that investors view favorably. Ultimately, you end up with higher stock prices,” said Dan Greenhaus, chief global strategist at BTIG.

via CNN

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza