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With a critical mid-term election looming Nov. 4, many investors want to know what impact the results could have on the U.S. stock market.
Right now, most election forecasters see the Republicans taking control of the Senate from the Democrats. They also predict the GOP will hold or expand its majority in the House of Representatives.
Such a result should bring at least a modest U.S. stock market rally, says Money Morning Chief Investment Strategist Keith Fitz-Gerald, a seasoned market analyst with 33 years of experience.
"People are going to want to get ahead of a trend," he said in an appearance today (Monday) on FOX Business' "Varney & Co." show. "And if they believe – and I believe they will – if they believe the GOP can do better for their future, then that's what's going to happen."
But Fitz-Gerald cautioned that Republicans face a challenge this year that could threaten the predicted November sweep.
In the video below, Fitz-Gerald talks about that challenge and offers some key advice to investors on how to deal with a rocky U.S. stock market.
Should I be in the stock market right now? We've just gone through the worst market volatility in nearly 20 years. And everywhere you look, "experts" are talking about the possibility of a full-blown stock market crash. You can't blame investors for wanting to hit the eject button. But it's still a terrible idea. Keith Fitz-Gerald explains why…
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