S&P 500’s midterm year pattern highlights June’s
midterm weakness. Since 1950 June is the worst DJIA & S&P 500 months,
2nd worst for NASDAQ and Russell 2000. Selling tends to accelerate later
in the month in conjunction with Triple Witching.
2022 continues to track the seasonal trend of midterm election
years, especially the two more ominous patterns of 1st term midterm years and
the 2nd year of new Democratic presidents with late Q2 lows and a retest or
lower low in October.