By Ian King, Banyan Hill Publishing, 2024-05-14
Election years are special.
Bank of America put out a note last week saying that the idea of “sell in May and go away” isn't always true — especially during election years.
Which we have this year.
I went back to 1928 and ran all the data.
June to August is actually the second strongest three-month period for the year, going back to 1928.
It shows the S&P 500 up 65% of the time with an average return of 3.2%. But guess what?
In election years, it gets even better.
Between June and August of election years, the S&P 500 is up 75% of the time with an average return of 7.3%.
Now, I don't want to sound like a conspiracy theorist … but if you're running for reelection — like we have this year — you are going to pull any possible strings you can to make the economy and the markets look better than expected.
On May 9, the S&P 500 rallied 26 points on the news of a jump in U.S. jobless claims to the highest level since August.
But the market has been on an upward swing…
The Dow, S&P 500 and Nasdaq are all up at an average of 4% collectively, since May 1.
Bad news for the broader U.S. economy is good news for stocks — as bad news means the Federal Reserve may cut rates sooner rather than later.
Paired with the historical data and my own take (which we'll get into today), I predict that we're right on the cusp of an even greater summer rally up ahead.
To help you take advantage of this, one opportunity we're highlighting today is a new and promising one for artificial intelligence…
It's in its early stages, but already it shows the potential to become a $2.5 billion market!
Find out more in today's video…
Click the thumbnail below to start watching:
(Or read the transcript here.)
🔥 Hot Topics in Today's Video:
- Market News: Bad news for the economy actually means good news for stocks this week. Does the latest economic data signal an upcoming interest rate cut from the Federal Reserve? [0:57]
- Tech Trends: There's a new AI mega trend brewing! Find out more about this potential $2.5 billion investing opportunity — and the company poised to profit from it. (And if that's not enough, here's another AI opportunity.) [5:08]
- Investing Opportunity: We've been researching a new trade recommendation that aligns with today's AI mega trend … Details on how you can get the alert here. [7:22]
- Crypto Corner: Consensus 2024 is coming soon! It's the world's largest conference for all things crypto, blockchain tech and Web3 developments. [9:42]
What Do You Think?
Do you have any more questions about AI innovation, today's mega trend or cryptocurrency?
Let us know at [email protected].
Until next time,
Ian King
Editor, Strategic Fortunes
