“If chart patterns from election years hold true to form this year, stocks are in for a decline between Labor Day and Columbus Day, says Paul Hickey, co-founder of Bespoke Investment Group.
“You don’t take this stuff as gospel, but you look for patterns, and you can use them as a guide for the market,” he tells Yahoo.
“This year the market has been following its typical election year pattern, with the peaks and troughs, almost to a T.”
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