
Key points
S&P 500 second-half performance, all years vs midterm years, indexed to July 1 | Midterm years end +4.6% vs +4.0% for all years, with the low typically around Sep 30
Image source: @MikeZaccardi

S&P 500 second-half performance, all years vs midterm years, indexed to July 1 | Midterm years end +4.6% vs +4.0% for all years, with the low typically around Sep 30
Image source: @MikeZaccardi