Throughout the year in reports to our Bespoke Premium clients, we have highlighted the similarities between this year and prior Presidential Election years numerous times. Ā Most recently, in early July we noted the fact that based on the historical pattern the S&P 500 could see a modest pullback in mid-July coinciding with the kick-off of earnings season. Ā Sure enough, the market saw some choppiness about a week and a half ago and subsequently rebounded in the middle of last week. Ā Holding to the historical pattern, that rebound came right at the same time that the market historically sees its summer low.
If the pattern continues, the S&P 500 could be set up for a nice rally to end the Summer. Ā Will it hold? Ā Only time will tell, but if the historical pattern has worked so far, what's to stop it from continuing?
