- One research group has shown the S&P 500 Index to be a good indicator of US presidential elections, the focus on the three months leading up to the election.
- In 2024, the S&P 500 index closed September at 5,762, 240 points above the July settlement of 5,522 with October one of the more seasonally bullish months, historically.
- The continued long-term rally in the gold market indicates global investors are expecting those trying to create political change will ramp up events between now and the election.
The movie “The Hunt for Red October”[i] from 1990 starring Sean Connery, Alec Baldwin, and James Earl Jones is one of my favorite Cold War films. The movie focuses on the intrigue between the US and Russia as the Cold War combatants race to find the nuclear submarine named Red October that has been commandeered by Soviet captain Ramius in his attempted defection to the United States. The twists and turns of the movie, accentuated by stellar acting from the cast, have you on the edge of your seat the entire time.
