Presidential Election Cycle
This month’s “Of Special Interest” takes a stab at debunking the “Sell In May And Go Away” anomaly. Instead, we have come to respect this annual strategy.
It seems that once all of Wall Street becomes aware of an indicator or historic market pattern, the damn things no longer seem to work. Is this now true of the Presidential election cycle? Well, don’t give up on this yet. According to Arthur Merrill’s research, the market so far in 1984 has been acting just like it is supposed to. The fireworks come in the last two quarters of the year.