An incredible streak to say the least. Ryan Detrick has the numbers:
Since WWII, the S&P 500 has been higher 12 months after the midterm elections every single time.
That is 18 for 18 with an avg again of 14.2%.
Currently up about 2% since the midterms last year.
We sure would welcome a pullback before the summer. In that regard, we continue to focus on the Small Caps which have been lagging the broader indexes of late. A healthy retrenchment would set the market up for a nice Q4 rally.
Hat tip Ryan Detrick/LPLResearch