Chart of the Day - Wednesday, November 9th, 2022
November 9, 2022
Today’s Chart of the Day was shared by Nautilus Research (@NattilusCap). The chart shows the S&P 500's average performance throughout the 4-year Presidential Cycle (blue), with this year's performance overlayed in red. The S&P 500 has been pretty in sync with the Presidential Cycle since Biden took office. Midterm years, like 2022, have historically been weak up until Q4, and that's certainly been the case so far. Nautilus reminds us that we're approaching one of the strongest parts of the 4-year Presidential Cycle. To be fair, history never repeats exactly, and the S&P 500 is pretty structurally damaged right now. However, it's an important cycle to keep in mind, given how closely the S&P 500 has been tracking it.