CNBC's Jim Cramer on Monday said the charts suggest that the Dow Jones Industrial Average will see gains later this summer because the index usually rallies in August during election years, no matter which candidate is leading in the polls.
"The charts, as interpreted by Larry Williams, suggest that the Dow almost always rallies in August — what a takeaway — of any given election year ... regardless of who's ahead," he said, noting that August is usually a poor month for the market.
"That's exactly the kind of pattern that you can make some money with."
He also stressed that both candidates have different convictions when it comes to economic policy, and those differences will affect significant parts of the market.
To explain Williams' analysis, Cramer examined a chart of the Dow's performance this year with its average performance during every election year since 1968.
Persons:
CNBC's Jim Cramer, Monday, Larry Williams, Dow, Cramer, Joe Biden, Donald Trump, Williams
Organizations:
Dow Jones
Locations:
—