With all of the hype, hyperbole and rhetoric around claims of fake news leading up to the November mid-term elections in the U.S., one might think that all of this previously untrodden ground may be having an adverse affect on the markets. Or at the very least, a previously unseen affect.
But is this really the case?
When we compare the indexed price performance of the S&P 500 in October of 2014 to October of 2018, an interesting story emerges.
“History doesn’t repeat itself”
As Mark Twain is often quoted as saying: “History doesn’t repeat itself, but it often rhymes.” One look at the current chart shows that this philosophy may be in full effect as the 2018 S&P price trend for October seems to be mirroring the 2014 trend.
The only question that now remains is how does this movie end?
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