September is historically the worst month of the year for the market but two weeks into the month, the market is at record highs.
Stephen "Sarge" Guilfoyle, a former New York Stock Exchange trader and panelist on TheStreet's latest Trading Strategies roundtable, said this year could defy the history books due to the current state of the government. "History can have something to do with he country's fiscal year," Guilfoyle said.
Guilfoyle stressed that the market has benefited from President Donald Trump's recent efforts to reach across the aisle when it comes to the federal debt limit. "We have many positives right not; that's why we're trading at all time highs, at least as far as equities go, Guilfoyle said.
He said that Trump has made peace with some critical Democrats, while embarrassing Republicans "that frankly deserved it." "I think he's [Trump] has put one more feather in our cap," Guilfoyle said.
Check out more of our September Trading Strategies special report below:
- Stephen "Sarge" Guilfoyle: Why I Love Apple, Nvidia and These Other Stocks for September
- Jim "RevShark" DePorre: Is a Nasty Market Correction Coming in September?
- Peter Tchir: 5 Things Smart Investors Should Do in September
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