My Prediction for a Summer Rally

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Election years are special.

Bank of America put out a note last week saying that the idea of “sell in May and go away” isn’t always true — especially during election years.

Which we have this year.

I went back to 1928 and ran all the data.

June to August is actually the second strongest three-month period for the year, going back to 1928.

It shows the S&P 500 up 65% of the time with an average return of 3.2%. But guess what?

In election years, it gets even better.

Between June and August of election years, the S&P 500 is up 75% of the time with an average return of 7.3%.

Now, I don’t want to sound like a conspiracy theorist … but if you’re running for reelection — like we have this year — you are going to pull any possible strings you can to make the economy and the markets look better than expected.

On May 9, the S&P 500 rallied 26 points on the news of a jump in U.S. jobless claims to the highest level since August.

But the market has been on an upward swing…

The Dow, S&P 500 and Nasdaq are all up at an average of 4% collectively, since May 1.

Bad news for the broader U.S. economy is good news for stocks — as bad news means the Federal Reserve may cut rates sooner rather than later.

Paired with the historical data and my own take (which we’ll get into today), I predict that we’re right on the cusp of an even greater summer rally up ahead.

To help you take advantage of this, one opportunity we’re highlighting today is a new and promising one for artificial intelligence

It’s in its early stages, but already it shows the potential to become a $2.5 billion market!

Find out more in today’s video…

Click the thumbnail below to start watching:

(Or read the transcript here.)

🔥 Hot Topics in Today’s Video:

  • Market News: Bad news for the economy actually means good news for stocks this week. Does the latest economic data signal an upcoming interest rate cut from the Federal Reserve? [0:57]
  • Tech Trends: There’s a new AI mega trend brewing! Find out more about this potential $2.5 billion investing opportunity — and the company poised to profit from it. (And if that’s not enough, here’s another AI opportunity). [5:08]
  • Investing Opportunity: We’ve been researching a new trade recommendation that aligns with today’s AI mega trend … Details on how you can get the alert here. [7:22]
  • Crypto Corner: Consensus 2024 is coming soon! It’s the world’s largest conference for all things crypto, blockchain tech and Web3 developments. [9:42]

What Do You Think?

Do you have any more questions about AI innovation, today’s mega trend or cryptocurrency?

Let us know at BanyanEdge@BanyanHill.com.

Until next time,

Ian King
Editor, Strategic Fortunes

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