Webinar, Fundamental, Technical

Holiday Hop or Drop?

Sam Stovall, CFP, Chief Investment Strategist
Vincent Randazzo, CMT, Head of Technical Research
October 5, 2023
11:00 am EDT – 8:00 am PDT – 4:00 pm BST

Looking ahead to the rest of 2023, this pre-election year has typically seen the S&P 500 gain an average of 3.4% in price after treading water during Q3 and rise in three out of every four years. Will investors enjoy such favorable Q4 seasonality to finish the year, or will the Fed remain hawkish which may hurt investor expectations? We think a potential absence of leadership from small-cap stocks could be a lump of coal in holiday stockings.

During this webinar, Sam Stovall, CFRA’s Chief Investment Strategist, and Vincent Randazzo, Lowry’s Head of Technical Research, discuss the most likely outcome for the quarter ahead as well as “what’s in store for 2024.”

We will also:
• Review the historical performance of Q4 in pre-election years.
• Assess a soft landing or the possibility of a recession being delayed and how this could affect investor confidence and market behavior in the fourth quarter.
• Examine how the lack of leadership in small-cap stocks could affect the next quarter's overall market trends.
• Analyze if the current market conditions match up with historical seasonality trends.
• Highlight Lowry technical indicators and patterns that might influence Q4 market trends.

CFRA is a CFP Board sponsor. The CFP Board has accepted this session. Please provide your CFP ID to receive credit for attending this webinar.


Sam Stovall, CFP
Chief Investment Strategist
Sam is Chief Investment Strategist. Sam Stovall is an analyst, publisher, and communicator of CFRA’s outlooks for the economy, market, and sectors. He is the author of The Seven Rules of Wall Street and The S&P Guide to Sector Investing. He also writes weekly “Sector Watch” and “Investment Policy” reports on CFRA’s MarketScope Advisor platform and maintains the Industry Momentum and Seasonal Rotation portfolios. His work is also found in CFRA’s flagship weekly newsletter The Outlook.
Vincent Randazzo, CMT
Head of Technical Research
Vincent Randazzo, CMT, is the Head of Technical Research at CFRA and Chief Market Strategist at Lowry Research, a CFRA business. Vincent produces written and recorded stock market research based on Lowry’s proprietary, statistically driven measures of equity market demand/supply and breadth. Prior to joining Lowry in 2016, Vincent held the positions with Nasdaq on its Market Intelligence Desk and as an Equity Research Salesperson at Morgan Stanley and UBS. He has written numerous articles for Bloomberg, Tabb Forum, Interactive Brokers, and Nasdaq. Vincent has held the Chartered Market Technician (CMT) designation since 2008.