Even with election uncertainty, the market typically moves higher in the 100 days leading up to a presidential vote — but it may be a volatile ride to get there.
The so-called fear gauge usually declines in the first 20 trading days of the 100-day runup to the election, but typically works higher in the 45-, 60-, 65- and 70 days before election day.
The VIX has been higher 6 of the last 8 election years during the closely-watched, 100-day period.
Oil prices usually see upward pressure through October, before feeling some weakness in the final weeks before voters cast ballots.
In the run up to October, oil prices typically see more of a boost when a Democrat is the sitting president.
Persons:
Paul Ciana
Organizations:
Bank of America, ICE, Democrat, Overseas
Locations:
U.S