Slip Slidin’ Away

The S&P 500 Index has historically declined about 4% on average between August 31 and October 31 during presidential election years since 1992, with the Energy sector being notably affected. Utilizing technical analysis alongside seasonality and fundamentals can aid investors' decisions. A recent commentary highlights that the Oil & Gas Producers, Oil Services, and Oil Refining & Marketing groups are facing deteriorating demand trends and falling prices, suggesting they may struggle in the coming weeks to months.