Courtesy of @RyanDetrick on Stocktwits, when we have the rare down January, but up February in the markets, what does May through October do?
It is not pretty, with the Dow Jones Industrial Average down -6%, on average.
On top of the price action in the leaders, this is another cause for concern despite relative strength in the Dow’s mega caps of late.
and we have to consider the context. No “standard” bull market 10% correction since 2011. A gain of 16% for the DJIA in 2012, a gain of 22% in 2013. A gain of 19% for the COMPX in 2012, a gain of 33% in 2013. Doesn’t that feel like one stretched rubber band?
The four year presidential cycle is ending soon (Sept???) and the 10%+ correction will ensue with Primary Wave IV