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All Years
Average seasonal path across every valid historical year.
Full Seasons
Average four-year path from an election year through the following three seasons.
1972, 1973, 1974, 1975, 1976, 1977, 1978, 1979, 1980, 1981, 1982, 1983, 1984, 1985, 1986, 1987, 1988, 1989, 1990, 1991, 1992, 1993, 1994, 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023
Pre-Election
Average path across years before a presidential election (year % 4 == 3).
1971, 1975, 1979, 1983, 1987, 1991, 1995, 1999, 2003, 2007, 2011, 2015, 2019, 2023
Election
Average path across U.S. presidential election years (year % 4 == 0).
1972, 1976, 1980, 1984, 1988, 1992, 1996, 2000, 2004, 2008, 2012, 2016, 2020, 2024
Post-Election
Average path across years after a presidential election (year % 4 == 1).
1973, 1977, 1981, 1985, 1989, 1993, 1997, 2001, 2005, 2009, 2013, 2017, 2021, 2025
Mid-Term
Average path across mid-term years (year % 4 == 2).
1974, 1978, 1982, 1986, 1990, 1994, 1998, 2002, 2006, 2010, 2014, 2018, 2022
Trump Presidency Years
Average path across the defined Trump-administration years.
2016, 2017, 2018, 2019, 2024, 2025
2026 YTD
Direct cumulative return of the current year to date.
2026