This chart illustrates the performance of the S&P500 index after each mid-term elections in the United States.
We can see that since 1950, in the past 17 elections, the S&P has grown in the months that followed in 16 of these occasions. The only exception was after November 2002, when the index suffered -17.62% losses in the months that followed. The rest of the bullish sequences gave on average of +32.84%.
If this time the S&P follows this pattern (+32.84%), then we get a projected target of 3,720. This is of course less realistic as this average takes into account periods (before 1998-2000) that the market was very different and less complex than it is today. It is safer therefore to calculate the average since 2006, a period not too far ago, much more similar to how we know the market today. So the past three post elections gains gave an average +11.47%.
This is good news for long term investors, who can now safely go long on U.S. stocks.
** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **
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We can see that since 1950, in the past 17 elections, the S&P has grown in the months that followed in 16 of these occasions. The only exception was after November 2002, when the index suffered -17.62% losses in the months that followed. The rest of the bullish sequences gave on average of +32.84%.
If this time the S&P follows this pattern (+32.84%), then we get a projected target of 3,720. This is of course less realistic as this average takes into account periods (before 1998-2000) that the market was very different and less complex than it is today. It is safer therefore to calculate the average since 2006, a period not too far ago, much more similar to how we know the market today. So the past three post elections gains gave an average +11.47%.
This is good news for long term investors, who can now safely go long on U.S. stocks.
** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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I trade Crypto, Forex, Indices & Commodities all from one account on PrimeXBT with TradingView charts
Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.