The major stock market indexes have gone nowhere since early August. On the surface, the seas have been calm. Underneath, plenty of turbulence has been occurring. Most of the volatility has been within sectors.
In mid-September, we warned our readers to proceed with caution through the midterm elections. We expected and are now seeing buying opportunities. The S&P 500 closed at 7,561.67 on Friday. It has been fluctuating around 7,600 since August 3. We think it is set for another rally that should take it up to 7,900 by the end of this year.
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