19 MIDTERMS. Stocks gained a year later EVERY TIME. From 1950 through 2022, the S&P 500 averaged +16.6% over BNY’s post-midterm measurement window, starting October 31st. - The weakest gain was +3.0% after 2014 - The strongest gain was +33.6% after 1954 Midterms also beat 'Presidential Elections' on early returns in CNBC’s separate 1980–2024 analysis: - One day → +0.5% vs. −0.1% - One week → +1.0% vs. −0.5% - One month → +1.5% vs. +0.8% After ONE YEAR, average gains were nearly identical at +13.7% after midterms versus +13.8% after Presidential Elections. The studies use different periods and measurement windows. But, BOTH show a bullish historical backdrop for stocks after midterms. Now, will the winning STREAK continue?