Oksana Koneva

Year after U.S. midterm election brings +17.2% S&P 500 gains, Phil Rosen notes

Year after U.S. midterm election brings +17.2% S&P 500 gains, Phil Rosen notes
S&P 500 outperforms after midterm years

Phil Rosen highlights that the year following a U.S. midterm election has historically delivered the strongest returns for the S&P 500 index. According to Rosen, since 1950, the S&P 500 has averaged a gain of 17.2% in such years, more than double the performance of the second-best year in the U.S. presidential election cycle.

Rosen has recently pointed out that tech stocks are unusually undervalued compared to the S&P 500. He also noted that the Magnificent 7 group may underperform the S&P 500 for the first time since 2021. These observations follow his ongoing coverage of broad market trends.

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