Objective research to aid investing decisions

Value Investing Strategy (Read Overview)

Allocations for January 2020 (Final)
Cash TLT LQD SPY

Momentum Investing Strategy (Read Overview)

Allocations for January 2020 (Final)
1st ETF 2nd ETF 3rd ETF

Monthly Returns During Presidential and Congressional Election Years

| | Posted in: Calendar Effects, Political Indicators

Do hopes and fears of election outcomes in the U.S. affect the "normal" seasonal variation in monthly stock market returns? To check, we compare average returns and variabilities (standard deviations of returns) by calendar month for the Dow Jones Industrial Average (DJIA) during years with and without quadrennial U.S. presidential elections and biennial congressional elections. Using monthly closes for the DJIA over the period October 1928 through May 2019 (nearly 91 years), we find that:

Please or subscribe to continue reading...
Gain access to hundreds of premium articles, our momentum strategy, full RSS feeds, and more!  Learn more

Login
Daily Email Updates
Filter Research
  • Research Categories