Chart of the Day Early in a new presidential term and with the next election several years away, the powers that be tend to be more willing to address such quaint topics as fiscal responsibility and balancing budgets. The downside to this 'belt tightening' is that it can be a drag on the economy. However, in the interest of self preservation, the party in power tends to be motivated to stimulate the economy as a presidential election nears. Today's chart illustrates how the market has performed following a mid-term election year low until the following presidential election year (plus or minus one quarter) high. Stay tuned…
Notes: - What are our latest indicators and studies saying about future stock market trends? Find out now with the exclusive charts of Chart of the Day Plus.
Source - Pinnacle Data
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Quote of the Day "You may delay, but time will not." - Benjamin Franklin
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