Markets RISE After Midterm Elections – As I Had Predicted
As I previously predicted in a recent post, the Stock Market Declined from Early October, heading into the Midterm Elections. Then as I predicted, once the Midterm Elections were over, the Stock Market Increased the highest percentage since 1982 Midterm Elections!
Previous data shows, every Midterm Election over the past 60 years has been followed by a Rise in Stocks, sometimes called a “Relief Rally”, no matter the results.
Over the past 50 years, the S&P 500 has jumped an average of 16 percent the year following Midterm Election, according to Capital Economics. And on November 7th, Stocks Soared with the S&P 500 and Dow indexes each gaining around 2 percent by mid-afternoon.
Historical Stock Returns After Midterms
Return of the S&P 500 one year after a Midterm Election