- Fourth quarters during mid-term election years and their Decembers: Historically, the first part of December has not been particularly impressive with average returns being flat. It’s really been the Christmas period that has given December its positive reputation. Although the fourth quarter of mid-term election years are traditionally strong, Decembers in mid-term election years have underperformed the other three four-year election cycle.
- Two Guest Commentaries on the New High in the Dow Industrials.
- I always find it fascinating when two publications come up with radically different opinions. Within the past week, Ned Davis Research (www.ndr.com) issued a report highly negative on the US Dollar, while the Appel father and son team at Systems & Forecasts (www.signalert.com) say, “a review of the dollar’s long term history suggests that the worst for our currency is already behind us.” Who’s right?