Today's Chart of the Day was shared on Twitter by Ryan Detrick of LPL Financial Research (@RyanDetrick). It's a seasonality chart showing the average annual performance of the S&P 500 in a pre-election year, like 2019. Pre-election years tend to be some of the strongest years for the stock market, in the four-year presidential cycle. However, Ryan points out "the catch" is that they tend to peak in mid-July and chop sideways until the end of November. The S&P 500 is up about 19% so far in 2019. If history is any guide, the S&P 500 may need to pause and digest some of its first-half gains into the back half of the year.
Chart of the Day - Monday, July 22nd, 2019
July 22, 2019
