By NASDAQ Midterm Seasonal Pattern Trends Lower
NASDAQ’s midterm election year trend is no friend of the
bulls. Off 21.2% year-to-date at the end of April clearly significantly lower
than the average NASDAQ midterm year decline. But that does not mean that the
decline is over. A plethora of headwinds from the War in Ukraine, negative GDP,
midterm year and seasonal pressures, supply chain issues, inflation, and rate
hikes are likely to conspire to push stocks lower in the near term, a prototypical
midterm bottom does appear on the horizon over the next few months, which sets
up the quadrennial buying opportunity ahead of the Sweet
Spot of the 4-Year Cycle.
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