S&P 500 Cycle-Adjusted P/E

S&P 500 Cycle-Adjusted P/E The S&P500 cycle-adjusted P/E is now 29.9 and 75% above its long-term average, suggesting weak equity returns over the next 10 years. Image: J.P. Morgan

Seasonality – S&P 500 Cycle Composite for 2019

Seasonality – S&P 500 Cycle Composite for 2019 This great chart shows the S&P 500 cycle composite for 2019 vs. the actual S&P 500 composite (places equal weight on: one-year seasonal cycle, four-year presidential cycle, and 10-year decennial cycle). This is not a forecast. Image: Ned Davis Research

S&P 500 Total Return – The Market Cycle

S&P 500 Total Return – The Market Cycle Since the March low, the U.S. stock market continues to behave like a secular bull market. Image: Fidelity Investments

S&P 500 Average Across Market Cycles Since 1973

S&P 500 Average Across Market Cycles Since 1973 This chart puts into perspective the typical phases of the U.S. equity market since 1973. Image: Goldman Sachs Global Investment Research

EPS Growth – Political Party and S&P 500 Profits Cycle

EPS Growth – Political Party and S&P 500 Profits Cycle Historically, S&P 500 volatility has increased ahead of U.S. elections, but at the end of the day, “profits matter more than politics.” Image: BofA US Equity & US Quant Strategy

S&P 500 3-Month Seasonal Returns and Presidential Cycle Year 4

S&P 500 3-Month Seasonal Returns and Presidential Cycle Year 4 Historically, election year shines in June-August, as it is the strongest 3-month period of presidential cycle year 4 (up 74% of the time with an average return of 6.93%). Image: BofA Global Research