Today we look at how the S&P500 is tracking the two chart analogs, which we wrote about at the end of last year. We don’t “bet the ranch” on these, but we do know many smart people look at them to give a sense how history might rhyme. The current S&P500 is beating both the Presidential Stock Cycle and the Decennial Cycle for the first 15 days of trading in the new year. (Click here if charts are not observable)
By the way, according to CNBC the market is up 26 percent on average in years when the Steelers win the Super Bowl and 23 percent when the Packers win. Therefore, the Presidential Stock Cycle, which has on average generated a 22.3 percent return on the S&P500 in the third year of first term Presidents confirms a Packers victory! Don’t bet the ranch.