June the Best Month of Election Year for S&P 500
Historically, June is the best month of the election year for S&P 500 with a 1.4% average gain.
In sixteen election years since 1952 S&P 500(NYSEARCA:SPY) has advanced thirteen times and declined just three. So far this year, the market has been tracing out the more lackluster typical June pattern in which the S&P 500 averages a 0.03% loss. Even after today’s advance, S&P 500 is still down 0.65% so far this June.
Compared to the typical June pattern (next chart) and considering this week’s historically bearish bias, the S&P 500 could be in store for further declines before the month ends.