I don’t make a lot of changes to my 401(k) account. Heck, I barely touch the thing. That&rsquo...
Worst Start in 76 Years for S&P 500, During This Positive Cycle
02/03/2015 7:00 am EST
The S&P 500 experienced the worst start for the third term of a presidential cycle since 1939, however, Chris Kimble, of Kimble Charting Solutions, explains that he doesn’t follow the "So goes January, so goes rest of the year" opinion and shares why he’s more interested in price and what the Dow does from here.
The third year of a President’s term is usually positive for the S&P 500 (SPX). The average gain for the S&P is over 15% during this cycle, a good percentage above an average year for the S&P.
The first month of this traditionally positive year didn't start off too well.
The performance this past month was actually the worst January during the 3rd year of the Presidential cycle since 1939. Ironically, the last time the S&P lost ground during this cycle was 1939 as well.
I am not of the opinion that portfolio construction should be based upon this cycle, nor the "So goes January, so goes rest of the year" idea.
By Chris Kimble, Founder, Kimble Charting Solutions
Related Articles on STOCKS
Occidental Petroleum (OXY) has been a near-term disappointment, but continues to show long-term prom...
Westwood Holdings Group (WHG) provides investment management services to institutional investors, pr...
Stefanie Kammerman, the Stock Whisperer, to tell you the Whisper of the Week: IAU and GE in my weekl...