Trump or Biden: Does it really matter?

What will the US Presidential Election mean for markets? Jeff Hirsch, CEO of Hirsch Holdings and editor in chief of the Stock Trader's Almanac, says that despite which candidate wins, as long as there is a clear cut winner, market patterns show there will likely be a rally. Hirsch goes on to say that, “the market will be very pleased that we have decided” and explains why he would be bullish post election.

He spoke with Yahoo Finance’s Jared Blikre and Sydnee Fried on "Stocks in Translation." Listen to the full episode here, or wherever you get your podcasts.

Video transcript

We've been talking a bit about being in an election year.

What should we expect as we get a little closer in terms of is for people to start seeing and what's the seasonality there?

There's a chart I put out recently, um, that shows that the NASDAQ highlights this sort of uh little sideways action.

June, July ahead of the conventions.

So we can, it's just a bit of chop at sideways action once we get through the conventions and it's really decided who's run like who's in the general election, then the market tends to begin to rally, um, especially after the election.

If we can get, you know, that's where the juice is the last time if we can get an actual decision on election day or the next day, unlike 2000 and you know, the other recent history, um, the market will be very pleased that we have decided just the fact that there is a decision, correct.

So, yeah, the last seven months as I alluded to uh before of elections, only two losses.

So, um it, it's, it's kind of 45 degree angle with the chart going up.

I mean, it, it's after this little soft period, seasonal, soft period, I think we're, um, pretty bullish.