S&P 500 ETFs Move Past 200-Day MAs in Post-Midterm Election Rally

While some analysts are positing which sectors will benefit from the election results, others feel this presents an optimal buying opportunity for investors. Those who were reticent about entering into the market for fear of overvaluations as a result of the decade-long bull run can now view these opportunities as value propositions.

“This is your entry point,” said Phil Blancato, CEO of Ladenburg Thalmann Asset Management., adding that positive seasonal factors, including strong holiday sales, should boost markets higher before the end of 2018. “You might get some volatility in the next couple of days as the market absorbs the result, but you buy those dips. … Everything is telling you this is the time to buy” following the correction in October.

Related: What Should Be My Allocation of Stocks and Bonds?

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