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Notwithstanding the widely held belief that the stock market performs poorly in the first year...

Notwithstanding the widely held belief that the stock market performs poorly in the first year of a president’s term, Mark Hulbert says there's little evidence for such a notion. First years of a president’s term, on balance, are a little better than year four and a little worse than year two; third years typically are strong gainers. First years do appear to be volatile, however.
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