Week of October 3, 2022
No change in Signals this week. From The Wall Street Journal, October 2, 2022, “After Punishing Year for Stocks, Investors Aren’t Betting on Post Mid-Term Rally.” This could be a mistake. From the article, “The S&P 500 has moved higher in the one-year period following every midterm election since 1942, according to Dow Jones Market Data. The benchmark on average has gained nearly 15% in post-midterm years since World War II.”
Bob Bilkie, CFA