Market not moved by election, focus on interest rate cuts, division benefits stock market performance.

From Yahoo Finance.: 2024-07-13 07:00:34

Hennion & Walsh CIO Kevin Mahn discusses why markets have not fully priced in the election season, emphasizing the focus on potential interest rate cuts and economic slowdown. Mahn points out that historically, politics impact specific market sectors rather than the market as a whole. He highlights that a divided government tends to benefit stock market performance. Mahn suggests building a portfolio based on current economic opportunities, rather than waiting for election outcomes to make investment decisions. Timing the market based on political events is discouraged, as missing the top 10 market days can significantly impact returns.

For more insights and market analysis, watch the full episode of Market Domination through the provided link in the article by Nicholas Jacobino.



Read more at Yahoo Finance.: Why the market isn’t moved by the election right now: Strategist