Post-election year May historical performance is impressive
when compared to the recent 21-year trend. Early strength has lasted until
around the sixth trading day with average gains exceeding 1%. A brief period of
weakness has occurred between the sixth and ninth trading days, but afterwards
the trend has been briskly higher through the end of May.
Should the market track the more bullish post-election-year
May seasonal patterns, the major indexes could be pushing through their
respective 200-day moving averages sometime after mid-month.
