Last month, MarketWatch used a draft conceal to illustrate how a batch marketplace underneath John F. Kennedy has closely followed a opening over a same time support with Donald Trump in a White House. Fast brazen 3 weeks and, as of Wednesday’s close, a SP 500
SPX, -1.33%
in relations terms, sat roughly accurately where it did during this indicate during Kennedy’s administration.
If a trend persists—a HUGE if, of course—prepare for some rather high waste in a entrance weeks. Perhaps it’s already started, with a Dow Jones Industrial Average
DJIA, -1.68%
down scarcely 600 points during a Thursday low.
“After 328 trade days given choosing day, a Trump SP 500 sits right on tip of a JFK SP 500,” a blogger behind the Global Macro Monitor wrote. ”The index, 328 trade days after a choosing day of any president, is reduction than 5 basement points within one another. Rather stunning, don’t we think?”
Here’s what it looks like:
It isn’t only a coincidence, either, according to a blogger, who says a stream SP has a same theme, setup, and backdrop as a JFK postelection convene and bear marketplace in 1961-62. He also warned that a elemental drivers of a new declines are uncannily identical to those of a 1987 rout.
The draft shows bonds losing roughly 30% of their value in a entrance weeks before bottoming out in June. A stretch? Maybe.
But a Global Macro Monitor isn’t statute it out.
“Of course, they will not lane perfectly, though they are so distant rhyming with any other on sincerely unchanging basis,” a blogger wrote, referencing a quote mostly attributed to Mark Twain that story “doesn’t repeat itself though it mostly rhymes.”
