What the end of Obama's presidency could mean for stocks
by Tom McClellan
Source: Chart in Focus
http://thecrux.com/what-the-end-of-obam ... or-stocks/
The case for positive returns in 2024 rests largely on one key factor: optimism over future earnings.
Factor No. 2? The stock market forecast tends to benefit from a high likelihood the Federal Reserve, after signaling in November it's done raising interest rates, will start lowering them this year.
"Based on the presidential cycle, we (might) have a very strong trend from the second half of 2024 to the first half of 2025".
When you look at a first rate cut without a recession coming, that's where the real power (of institutional buying) comes in.
The stock market tends to do well when a sitting president runs for reelection.
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