The stock market sell-off in August and September created some juicy bargain-buying opportunities. The Stock Trader's Almanac alerted its clients Tuesday of a "Seasonal MACD Buy Signal" as the stock market enters the fourth quarter -- the seasonally most bullish quarter of the year.
"Looking ahead to the rest of the year, seasonal patterns are aligning for a potentially robust year-end rally," Yale A. Hirsch, CEO of Hirsch Holdings and editor of the "Stock Trader's Almanac" newsletter wrote in a client note. "There has not been a down Dow Jones Industrial Average pre-election year since 1939. Historically, a down August followed by a down September has preceded sizable fourth-quarter gains."
Hirsch added: "Market sentiment is no longer excessively bullish while fundamentals are mixed just enough to support a fourth-quarter rally as expectations for an improving economy in 2016 likely begin to gain traction."
In hopes of bringing you the best long-term investment idea, I asked a panel of investment strategists to share the one ETF they believe investors should buy and hold for the next decade.
1. iShares MSCI Emerging Markets ETF (EEM)
By Steven Nelson, CFA
Perhaps not for the coming year but over the next 10 years, we expect emerging market equities to provide superior performance to all other investments. We find the iShares MSCI Emerging Markets ETF to be a thoughtful investment to obtain broad exposure to this sector even though it is likely to provide a breathless ride.
According to Euromonitor International, emerging markets are home to 85% of the world's population and 90% of those under 30 years of age. Stock markets rise through long periods based upon demographic trends. These trends drive the levers of economic growth. As young people enter the workforce they start consuming housing, transportation and other goods. They do so irrespective of their nationality. Given that emerging markets have