by Alexandra Lienhard
Updated: November 07, 2016
Pete Kendall, the co-editor of our monthly Elliott Wave Financial Forecast, tells you more about the just-published Financial Forecast's special Election section.
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[Editor's note: The text version of the video is below.]
Alexandra Lienhard: I'm Alexandra Lienhard, and today I have Pete Kendall joining me by phone. Pete is the co-editor of our monthly Elliott Wave Financial Forecast and a contributor to the U.S. section of the monthly Global Market Perspective. Pete, I know you and co-editor Steve Hochberg have a special report in the November issue of the Financial Forecast. Can you tell me a bit about that?
Pete Kendall:; In this issue we're going to focus on the thing that's really on everybody's mind right now and that's the U.S. election. What does it mean to the markets -- and what do the markets mean to it, more importantly? A lot of people are saying, "I just can't wait until this is over." As we will show you in this issue, the forces that are roiling the U.S. electorate are very important and are not going to go away and we think we have a good handle on exactly what they are.
Alexandra: As you said, the election is on the forefront of everyone's mind right now. And you, along with co-editor Steve Hochberg and Bob Prechter have done a lot of work and written for decades on the Clintons both in the latest Financial Forecast and Elliott Wave Theorist.
Pete: As we explain, way back in 1998 the Clintons, they are rolling with the tide, especially the bull market tide. They've been enjoying the fruits of the rising tide for some 30 years now, since the Clintons were originally elected. And the atmosphere that existed then pertains now just as it did in 1998 when Bill Clinton was impeached following a brief correction in the market.
Alexandra: Branching out from the Clintons and the U.S. elections, how does this fit into the global market picture going forward?
Pete: Well, the forces that are roiling this election are actually not contained by our borders. If you look out in the world at large, you see the same tendencies are taking place all over the world -- even in a more dramatic fashion, because the bear markets are deeper there. Places like Syria, EU, China, Russia and the Philippines.
Alexandra: Thanks, Pete. I know you're a busy guy, appreciate you taking a couple of minutes. Sounds like it's going to be a fascinating read.
Pete: Thanks, Alex.