I beg to differ that this is not a mid-year election cycle rally. There have been cases in the past where the low occurs earlier than October. In addition it is only October 5th. We may yet re-test the lows in the S&P 500 range of ~1250 this month or next. Please do not jump to conclusions before the game is over.
Just to show how silly short-term prognostications are, here’s mine : Stocks sell-off about 7.5% starting somewhere between Oct 12 and October 23, then rebound to current levels (as measured by S&P 500) . If I’m right, I’m a genius and you can subscribe to my newsletter “Random Predictions”. If I’m wrong, then somebody can claim that “this board” was wrong on stocks again.
