CFRA's U.S. Equity Market Outlook and Mid-Term Election Jitters

The U.S. mid-term elections take center stage in early November and are beginning to get attention from investors. Scenarios for election outcomes add to the complexity of figuring out the U.S. equity market outlook. Our presenters will address lessons learned from past election occurrences, market impact, and other key market drivers.

During this webinar, Ken Leon as the moderator, Sam Stovall, CFA, Joe Lieber, and Vincent Randazzo, CMT, discussed the potential impact of mid-term elections, the presidential cycle, and their effect on market cycles. We also weigh the opportunities and risks that may impact market direction and volatility and what the equity market tells us from a fundamental, political, and technical perspective.

During this session, we also discuss the following:

Are we likely to see an end to market volatility as we enter the last two months of the year?
Can seasonality and the presidential/mid-term election cycle offer hope that equity markets may rebound through year-end?
May bear markets alter history on the election cycle, taking away investor optimism?
What are the potential election outcomes for the U.S. Senate and House of Representatives?
Should Republicans prevail, what kind of legislation could we see from Democrats in a five-week lame-duck session, next year?
Review market trends supported by proprietary technical metrics.

Speakers
	Ken Leon Moderator, Director of Equity Research Ken Leon is the Director of Equity Research at CFRA. He is responsible for analytical research as well as client servicing. As a subject matter expert, his research industries include Diversified Banks and the Housing Market, with coverage of Homebuilding, Home Improvement Retail, Home Furnishings, and Real Estate Investment Trusts (REITs). Ken is a thought leader providing in-depth research and communications to key customer segments. He is active with most media networks and leading print media and is sought for his investment views on the large banks and housing market trends. Ken holds a Bachelor of Science degree and an MBA from New York University. He was also licensed as a Certified Public Accountant in the State of New Jersey.
	Sam Stovall, CFP 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 is the author of The Seven Rules of Wall Street and The S&P Guide to Sector Investing. He also writes weekly “Sector Watch” and “Investment Policy” reports on CFRA’s MarketScope Advisor platform and maintains the Industry Momentum and Seasonal Rotation portfolios. His work is also found in CFRA’s flagship weekly newsletter, The Outlook.
	Joe Lieber Director of Research and Political Analyst Joe Lieber is Director of Research and Senior Political Analyst at Washington Analysis. In this capacity, Mr. Lieber analyzes political and legislative issues originating in Washington, D.C., that have the potential to impact overall sentiment in the financial markets. Mr. Lieber also handicaps national elections and has direct policy analyst responsibility for matters involving budget, taxes, transportation, gaming, and other one-off issues as they come up. Mr. Lieber joined Washington Analysis as a Political Analyst in 1995. Prior to joining the firm, he began his career in 1991 with GOPAC as Deputy Political Director. From late 1991-1995, Mr. Lieber was employed in the US Senate as Policy Analyst for Sen. Don Nickles at the Senate Republican Policy Committee (RPC). Mr. Lieber received his B.A. in Economics and Political Science in 1990 from the University of Oklahoma and earned an M.A. in International Transactions in 1994 from George Mason University. Mr. Lieber appears from time to time on CNBC, Bloomberg TV, and other business outlets
	Vincent Randazzo, CMT Head of Technical Research Vincent Randazzo, CMT, is the Head of Technical Research at CFRA and Chief Market Strategist at Lowry Research, a CFRA business. Vincent produces written and recorded stock market research based on Lowry’s proprietary, statistically driven measures of equity market demand/supply and breadth. Prior to joining Lowry in 2016, Vincent held positions with Nasdaq on its Market Intelligence Desk and as an Equity Research Salesperson at Morgan Stanley and UBS. He has written numerous articles for Bloomberg, Tabb Forum, Interactive Brokers, and Nasdaq. Vincent has held the Chartered Market Technician (CMT) designation since 2008.

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CFRA's U.S. Equity Market Outlook and Mid-Term Election Jitters

During this session, we also discuss the following:

Ken Leon

Sam Stovall, CFP

Joe Lieber

Vincent Randazzo, CMT