Market Corrections In Post Election Years
From The Blog of HORAN Capital Advisors
January 27, 2013 - 8:21pm
In spite of the strong market advance from its low in mid November, post election year markets have experienced their largest decline from the market's prior year close. In a recent report by Standard and Poor's, they note,"Since 1900, the S&P 500 recorded its deepest median YTD decline during the first year of the four-year presidential cycle at -12% versus declines of 11%, 3% and 4% for years 2, 3, and 4, respectively." From The Blog of HORAN Capital AdvisorsSource: Standard & Poor'sInvestor sentiment seems to have improved since Congress resolved the fiscal cliff over hang on the market at year end. Next up will be the issue of sequestration in early March. Coincidentally, in a post election year, the market tends to experience its weakest performance in the first quarter.In a report from Chart of the Day from a few years ago, it was noted,"Since 1900, the stock market has ten...
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