HERE’S WHAT TO DO WHEN MIDTERM YEARS MAKE NEW ALL-TIME HIGHS Midterm years can be the weakest year of the presidential cycle. BUT what happens when the S and P 500 $SPY continue making new highs? • 2014: 53 new closing ATHs → +13.7% • 2015: +1.4% the following year • 1998: ~46 ATHs → +28.6% • 1999: +21.0% the following year • 1986: 31 ATHs → +18.7% • 1987: +5.8% the following year There are Two Years where midterms ended RED after making new ATH’s. But in both the following year created Massive Returns. • 1966: 34 ATHs → -10.0% • 1967: +23.8% the following year • 2018: 19 ATHs → -4.4% • 2019: +31.5% the following year Average following-year return: +16.7%. Here’s what to do: • Don’t assume new all-time highs in a midterm year mark the top. • Expect volatility, but don’t let the
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