By Dustin Giannangelo
CEO Fusion Wealth Management
A recently released film on Netflix called Bird Box had Sandra Bullock keep a blindfold on to avoid seeing an evil entity that would potentially kill her if she removed the blindfold. Many investors have felt the same way after a 14% pullback in the 4th quarter. They have had blindfolds on trying to hide from all the bad news. We think it’s time to remove the blindfolds!
The chart below shows that after a midterm election year low (as in 2018), the S&P 500 has been higher a year later every time going back to 1950. We now know the S&P 500 low in 2018 was December 24, and history suggests there’s a good chance stocks will be higher (maybe much higher) by the same time this year.
Past performance is no guarantee of future results.S&P 500 Index is an unmanaged group of securities considered to be representative of the stock market in general. You cannot directly invest in the index.
The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra IS or Kestra AS. The material is for informational purposes only. It represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. It is not guaranteed by Kestra IS or Kestra AS for accuracy, does not purport to be complete and is not intended to be used as a primary basis for investment decisions. It should also not be construed as advice meeting the particular investment needs of any investor. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security.
Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. Fusion Wealth Management is not affiliated with Kestra IS or Kestra AS.
Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. Fusion Wealth Management, LLC is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice and are not Certified Public Accounting (CPA) firms. FINRA's BrokerCheck