Chart of the Week: Average Change in Each Month (1928 – present)

While September has been an awful month for the Bulls, that seasonal effect is greatly moderated in Election years:

Chart of the Week: Average Change in Each Month (1928 – present)
nyt_cruel_month_05port.chart
Graphic courtesy NYT

It is why incumbents try to get all of the short-term pain out of the way in their first 2 years, so that the long term economic benefits are visible in time for the re-election campaign. This has proven to be true regardless of candidates’ party affiliation.

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