On Again/Off Again Tariffs & It’s a Pre-Election Year By: Almanac Trader | May 15, 2019
Even though it has only been a handful of weeks since these charts were last updated and presented, they do put the last few weeks of trading into a broader view. As of today’s close, DJIA is up 9.9% year-to-date. S&P 500 is even better at 13.7% while NASDAQ is still best at 17.9%. Yes, this is down from late-April/early-May highs, but still solid numbers when compared to this point in past pre-election years and especially all years. The recent pullback and the nascent recovery rally could gather further steam and run until early-July (and perhaps challenge old highs again), but from around mid-July until October seasonality becomes a headwind and more backing and filling is likely again.
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