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Podcast: Money Life with Chuck Jaffe
Episode: Almanac's Hirsch: 'The players have changed, the election year path endures'
Description: Jeffrey Hirsch, chief executive at Hirsch Holdings and editor of the Stock Trader's Almanac — which tracks stock market performance relative to presidential terms and election cycles — says that while the upcoming election is no longer a battle between two second-term presidents, the potential election of a first-term president in Kamala Harris would not result in much change for the market. While first-term presidents historically hit the ground running and make some of their most drastic moves early, Hirsch says Wall Street is prepared to adjust, which leaves him more concerned with how the market will perform late in the term...