E64 - Markets Dig Gridlock, But What About Nihilism?

In Search of Green Marbles

Mike Edwards discusses the presidential election cycle theory and whether or not the theory will hold in 2023.

On this week’s Green Marbles, G3 has Mike Edwards of Weiss sitting across the table. G3 asked Mike to talk about the Presidential Election Cycle Theory and whether or not the unique dynamics of the newly convened 118th Congress will impact longstanding market trends that often occur in the 3rd year of a presidential term.

Please check important disclosures at the end of this episode.

Time Stamps:

• Why should market participants be aware of the presidential election cycle theory? [1:13]
• Will a divided Congress trump the powerful tailwinds of the election cycle? [5:52]
• What concessions did Speaker McCarthy have to give in order to secure the speaker’s gavel? [8:00]
• Will markets view nihilism in the same positive light as gridlock? [13:31]
• What are the key dates associated with the anticipated debt ceiling drama? [18:21]

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