Will the midterm elections affect market performance? They usually do, but this year could be different, as Liz Ann Sonders explains. The recent market rally is running into resistance. Schwab’s asset management team examines the causes and highlights the trends to watch. Variable annuities may not be a suitable investment for retirees. Craig Kirsner sheds light on their dark side and counters seven myths about them.
Will Midterms Affect Market Performance? — The correlation between stock market performance and midterm elections is well documented. In 17 of the 19 midterms since 1946, the market performed better in the six months following an election than it did in the six months leading up to it. But the market outlook may be different this year. Read more…
Fade: Market Hits Resistance as Breadth Waned — Stocks bumped up against meaningful resistance last week amid overbought technical conditions. The S&P 500 lost 1.3% on Friday capping off a weekly loss of 1.2%, which ended the prior four-week stretch of gains. Read more…
7 Myths About Variable Annuities: Exposing Their Dark Side — Investment advisor Craig Kirsner says that they are one of the most misunderstood investment strategies he’s come across over the past 29 years. They may not be a suitable investment for retirees, despite the claims of seven popular myths. Read more…
John R. Day, Bill Ennis, and Matt Heller