September may look much calmer than Wall Street anticipates.
According to CFRA’s Sam Stovall, an election year trend going back to the 1940s suggests volatility won’t make a comeback in this month.
“A lot of strategists are saying that as we head into the election, markets are likely to get a lot more volatile,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on Tuesday. “But actually history says the opposite.”
Stovall builds his case in a special chart showing volatility during presidential election years versus non-election years since World War II.
“If you look to the volatility in