A recent Wall Street Journal article noted that the markets generally go up after a mid-term election. But Chief Investment Officer Rick Pitcairn doesn’t think that’s likely to happen this year.
Indeed, he believes that 2022 shares a lot of similarities with 1974, another mid-term election year when rising interest rates, high inflation, and the ongoing effects of the oil crisis, all combined to create a general sense of economic anxiety.
Still, there are reasons for longer-term optimism. Click below to watch Rick's insights in this month's Market in 5 Charts.