That strong finish, however, requires that general conditions hold up against the huge headwind of protectionism. While our macro index continues to score historically high -- suggesting probabilities favor an ultimate further advance into all-time high territory for equities -- certain internals have indeed begun to wane. We'll keep you posted.
Here's Bespoke Investment Group on the topic:
In terms of how the stock market performs in the second half of mid-term election years, below is a table that provides detailed historical results. The bottom line is that historically, the S&P generally trades weaker than normal during the summer months of mid-term years, but it has actually traded slightly more positive than normal from mid-term election day through year-end.
click to enlarge.....