Midterm Election Year Rally Underway?
The midterm low is historically the best time to buy. Is it now?
March has been a fun month for markets. Equities and crypto appear to have bottomed, and people are piling into stocks.
This provides a good opportunity to take a step back and look at the bigger picture.
What happens next?
Where does the market go from here?
We know midterm election years are especially bullish, with the Dow averaging an almost 50% return from the midterm low, to the next year’s high.
And when analyzing price action, it’s important to keep the longer timeframe in mind.
What are the monthly charts telling us after all the recent volatility?