A recent report by BofA Merrill Lynch highlights the typical market performance as we progress through the four years of a Presidential term. The conclusion: Year 3, such as now, is the best year of the cycle and is up an average of 14% going back in the data to 1931. The market has been up in 17 out of 20 third years or 85% of the time. It is interesting that the market has tended to be stronger in Q2 and Q3 than in Q4. This very different than in normal years where typically Q4 is the stronger period. Jeb Terry, Sr. Apr. 30, 2011
Source: BofA Merrill Lynch
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