Market Often Drops In February Under Presidents First Term

Interesting chart from Strategas Research Partners shows that the market generally struggles in February after a new president is elected, see below.

This coincides with seasonal weakness in February. The following chart from BAMl shows the monthly returns of the S&P500 going back to 1928. The S&P500 is up only 52.8% of the time with an average return of -0.05%