In midterm election years, it’s the worst, and in other times it’s no prize either, says LPL’s Detrick.
Tag: Dow Jones Industrial Average
Of all 16 Federal Reserve chiefs, the current one—who may or may not get a second term—is No. 7 in Dow returns, says CFRA.
With the Dow ahead by 9.9% over the period, he is bested only by FDR and Taft.
S&P 500 profits should be down just 7.1%, a big upgrade from more dire previous calls.
Stocks haven’t suffered much or taken long to recover in past conflicts.