Banking on a Strong Stock Market? Vote to Re-Elect

(25 August 2020) With the US presidential election less than three months away, an interesting finding published back in 1967 by stock market research Yale Hirsh in the Stock Trader's Almanac presents a distracting tidbit for data lovers and market watchers alike: stock market performance is interconnected with electoral cycles. Hirsh's "Presidential Election Cycle Theory" decomposes US presidential terms by year to show that year three of a US president's 4-year term is usually the strongest...