Phil, Mike, and Larry ponder the question “Do politics determine the market’s direction?” The current political climate would appear to prove this out. They then discuss whether the stock market hit a bottom last week when it entered correction territory. A recent survey by the American Association of Individual Investors, which showed bullish investor sentiment fell to its lowest point since September 2022, while bearish sentiment approached the high for the year. That extreme level of bearish sentiment is typically associated with bear-market bottoms.

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