SPY: BTIG cites midterm-year Aug–Oct S&P pullback pattern
Hammerstone MarketTalk reports that BTIG’s analysis finds the S&P 500 (or equal-weight version) has pulled back at least ~7% in the August–October window of midterm election years since 1990, citing exceptions like 2006.
SPY BTIG’s analysis notes that since 1990, the S&P 500 (or equal-weight version in some references) has seen a pullback of at least ~7% in the August—October window of midterm election years in cases such as 1990, 1998, 2002, 2010, 2014, 2018, and 2022, with 2006 as the main exception (that year’s decline occurred earlier, May—July).