Presidential elections and market corrections are historically related, with potential for volatility this year.

From Investing.com:

Presidential elections and market corrections have a long history of companionship, with the stock market averaging a gain of 10.03% during election years since 1833. However, there is a 24% chance of a significant correction in 2024, given current economic conditions and market trends. Policies do matter in the long term, but short-term market performance is often influenced by uncertainty before elections, with markets tending to correct in September and October. The market seems to prefer political gridlock, with stocks historically performing better under a divided Congress. To prepare for potential volatility ahead of the election, investors are advised to reduce risk, hedge, and rebalance their portfolios. Overall, while the market is likely to end the year positively, it’s essential to be prepared for unexpected outcomes.



Read more at Investing.com: Presidential Elections, Market Corrections: Will History Repeat Itself This Year?