The Usual Year-End Election Year Rally Is Not a Lock This Year

The S&P 500 has rallied 38% in 12 months, but only 1% over the past 3.5 months

• The S&P 500 has rallied 38% in the past year…but only 1% of that move has come since mid-July.

• Presidential politics….Prediction time.

• Nvidia (NVDA) is being added to the DJIA…which doesn’t mean a lot.  HOWEVER, it does stand at a KEY technical juncture.  Thus, it will continue to be important to watch its action as we move past the election.