Historically Election Years Rally Late, Will We See Some Election Volatility? Ryan Detrick, CMT from the Carson Group joined Benzinga's Premarket Prep to discuss.
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00:00You attend the bottom in election year around now.
00:02Now, let's be very clear.
00:03You also tend to see some weakness, right?
00:05September, October of an election year
00:06usually aren't very strong.
00:08Clearly, we're kind of bucking that trend.
00:10Who knows, maybe October still could finish lower.
00:12We got a six-week win streak
00:13probably going to end right now.
00:16Historically, you tend to see outperformance
00:17after six-week win streaks.
00:19But anyway, just be aware,
00:20maybe the next week or two,
00:21you get a little volatility,
00:22a little sell-off, perfectly normal.
00:24Although then again, I did share earlier
00:26where these next upcoming days are pretty bullish,
00:27but I wouldn't be surprised
00:29if we did see some election volatility.
00:30I just want to be clear there.
00:32But to be open to that end-of-year rally.
00:34So this just puts in context,
00:35this might be a tad old, yeah, October 5th,
00:37but puts in context just how strong
00:39this election year is, right?
00:41We've hit, this is fun,
00:42we've hit a new high in every month
00:44except for the ones that start with A.
00:45April and August.
00:47I don't know.
00:48Last I checked, no more months end in As.
00:49Maybe that's a good thing for everybody.
00:51But anyway, we've hit 47 new all-time highs,
00:53or 48, 47 or 48, I shouldn't know that,
00:55but we've hit a lot of new all-time highs.
00:57Believe me, we think there are
00:58some more still coming once we get past the election.