Election year effects will stave off recession until 2025

Jeffrey Hirsch, editor of the Stock Trader's Almanac, says that the stock market is right on track with expected calendar effects, which he sees as continuing through a Santa Claus rally and a positive January Barometer -- which portends a good year ahead for 2024. Further, citing the history of election-year market patterns, Hirsch says he expects the market to stay strong during 2024, holding off a recession and a bear market until 2025. That would be in keeping with classic election-cycle patterns. Also on the show, Tom Lydon, vice chairman at VettaFi, looks toward international small caps -- an area that has recovered to where the trend is turning positive -- for his ETF of the Week, and Adam Rozencwajg of Goehring and Rozencwajg talks natural resources and commodities investing in an extended Big Interview.