Is It Time to Buy or Bail?
Chief Investment Strategist, CFRA
Announcements:
- The Technical Analysis SIG will meet on Tuesday, the 22nd followed by the Options SIG on Saturday, the 26th. See the SIGs web page for details on all SIG meetings.
Presentation Summary:
Midterm election year stock volatility has been amplified by the triggering of a potentially prolonged Domino Effect of higher oil prices that lead to climbing inflation readings, put upward pressure on bond yields, and increase the likelihood that the next rate move by the Federal Reserve will be a hike, not the cut as earlier anticipated. Coincidently, rate increases were the first move by all six newly installed Fed chairs since 1978 (and eight of nine new Chairs since WWII). In addition, one month after the first rate hike following the end of an easing cycle since 1990, the S&P 500 declined an average of approximately 3% and was led to the downside by the Financials and Consumer Discretionary sectors. Will volatility and defensive posturing continue to reign ahead of this year’s elections? Sam Stovall, CFRA’s Chief Investment Strategist, will discuss what the market’s recent rotation implies for investor returns as we head into the second half of the year.
Meeting Details:
Date: Saturday, October 10th, 2026
Time: 10:00 a.m. ET (Zoom webinar will open around 9:30)
Location: Zoom webinar only
Virtual access: To register to attend the Zoom webinar, please purchase a ticket on our chapter’s Square account. Then, please register with Zoom so you can receive reminders one and 24 hours before the meeting.
Cost: $10 electronic payment (webinar); $5 for students (email president@aaiirtp.org by Oct. 9 for webinar access)
Before attending in person, please read: the AAII Protocol for In-Person Meetings
If you feel sick, please join us virtually.
About Our Speaker
As Chief Investment Strategist, Sam Stovall serves as 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.
Prior to joining CFRA, Sam was Managing Director and Chief Investment Strategist at S&P Global for more than 27 years and served as Editor‐in‐Chief at Argus Research, an independent investment research firm in New York City.
He received an M.B.A. in Finance from New York University and a B.A. in History/Education from Muhlenberg College, in Allentown, Pa. Sam is also a Certified Financial Planner.
Sam’s volunteer efforts center on financial literacy. He is a board member emeritus of W!SE (Working in Support of Education), an educational not‐for‐profit that aims to improve the lives of young people through programs that develop financial literacy and readiness for college and careers. He is also a Trustee of Muhlenberg College.
Follow Sam on Twitter: @StovallCFRA