Reagan’s Stock Market Analog Dies
Last month, I offered a price analog to the 1980 election of Ronald Reagan. There were many similarities between 1980 and 2016 as you can see below, including the big correction early in the year and the post-election market celebration. That all ended by Thanksgiving as the 1980 pattern gave back 100% of the rally while the 2016 pattern kept powering ahead.
In the next issue, we will take a look at the other analog from 1991 and 1992 to see how that’s doing. Early indications have it still holding up.
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