The hostile monetary backdrop makes recent stock market exuberance even more irrational than in early 2021. Yet, this is the middle of a seasonal window that historically boasts an elevated level of craziness: It is the year preceding a presidential election—a time when monetary and fiscal stimulus are ramped up.
Feb
07
2023
Irrationality Is Back, Right On Schedule
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NASDAQ Seasonality Election Cycle Presidential Election Cycle LEI Leading Economic Indicators Mid-Term ElectionsLogin
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