Hennion & Walsh CIO Kevin Mahn joins Market Domination to give insight into why markets have yet to truly price in the election season.
"I believe the market is more focused right now on when that first interest rate cut is going to take hold. And if, in fact, this economic slowdown is going to dip into a recessionary territory. If markets are actually pricing in what's happened historically, remember that political parties have an impact on certain areas of the market, but generally not the market as a whole. In fact, history tells us that a divided government generally bodes best for stock market performance. That's because no major new rules or legislation or regulations get passed," Mahn says.
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This post was written by Nicholas Jacobino