Thoughtful Money with Adam Taggart · Thursday, September 17, 2026
Tom McClellan posits that stock market bottoms typically occur before midterm elections, as investors begin to form expectations about the outcomes. He notes that the market tends to bottom in late September or early October, reflecting a sentiment of reduced uncertainty.
“And actually it bottoms before the midterm election, which is in November, which is interesting. You would think that the market would wait for the results of the midterm election before deciding what to do.”
“But no, the stock market tends to bottom in late September or early October because that's when investors feel like they have figured out what they think is going to happen in the election and so they're not so worried about it anymore.”
“And in fact, the stock market right now, the S&P 500 right now is running about a week ahead of the normal schedule.”