The third year of a Presidents term is usually positive for the S&P 500. 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.

I remain focused on price and what the Dow does from here, after hitting long-term resistance and this key Fibonacci extension level. I feel this is much more important! (see post here) 

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How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past