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A 1987-like crash would throw the S&P 500 for a one-day loss of more than 500 points. Adding to this agita is the realization that the second and third quarters of mid-term election years have traditionally been the most challenging of the 16-quarter presidential cycle. Plus, will rising rates and the knowledge that every Republican President since Teddy Roosevelt experienced a recession during their first term in office cause history to repeat itself in 2018, or will the long-anticipated tax cut inject renewed enthusiasm into this aging bull market? Sam Stovall, Chief Investment Strategist of CFRA and author of The Seven Rules of Wall Street, will tell us whether he thinks it is time to buy or bail.
Sam Stovall
CFRA Research,
Chief Investment Strategist
As chief investment strategist, Sam Stovall serves as analyst, publisher, and communicator of CFRA's outlooks for the economy, market, and sectors. He focuses on market history and valuations, as well as industry momentum strategies. Mr. Stovall is the author of The Seven Rules of Wall Street and writes weekly Sector Watch and Investment Policy Committee meeting notes on CFRA's MarketScope Advisor platform. His work is also found in CFRA's flagship weekly newsletter The Outlook.
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