The S&P 500 has delivered an average return of 14.2 percent one year after every midterm election since World War II, according to LPL Financial Research.
Stocks hit a new high for the year this week, back on track to match a post-election pattern that has stood the test of time.
"With the S&P 500 up only 1.3 percent since the midterm election last November, there indeed could still be room for stocks to run in 2019," LPL's Ryan Detrick said in a note on Wednesday. President Donald Trump, 'glued' to the stock market's fluctuations, is a big champion of this market pattern as he views a booming market as his way to re-election. CNBC reported last week Trump is pushing hard to strike a trade deal with China in the hope of lifting the stock market ahead of his re-election bid.
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