Market Moves
A Divided Congress Is Good for Stocks, Study Says
When neither party controls both side of Capitol Hill, the S&P 500 does best, per LPL study.
While small names have done OK, they suffer from factors like a possibly weakening dollar, the firm’s John Lynch argues.
Bad things tend to happen this month, which tank the market, LPL’s Detrick warns.
Most of the time, shares are up nicely, except when there’s, um, a recession, an LPL study says.
Strong economy overcomes predictions of a down quarter and may push up profits ahead.
For the past 20 years, the fourth month has been the best for the S&P 500, rising an average 1.7%, LPL Financial says.
With 90% of S&P 500 stocks above their 50-day moving average, look for at least another good six months, LPL’s Detrick says.
When the market has been good before the ninth month, its poor rep doesn’t matter.