(The Technical Analyst) We are entering the most bullish nine-month period of the 4-year US Presidential cycle, says Ari Wald, Technical Analyst at Oppenheimer.
Wald has looked at the quarterly performance of the S&P 500 since 1929, and found that Q4 of mid-term years through to Q2 of pre-election years have produced the best nine-month returns (see Chart). Wald stresses that seasonal patterns should be used as secondary confirmation; in this case it adds to his conviction that the S&P will experience further strength.
Seasonal Tailwind for US Equities
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