Which of the following BEST describes equity market performance during the presidential election cycle:
A . Market has its strongest year during first year of president’s term, posts its worst returns during the pre-election year and slightly negative returns in election years
B . Market has an above average year during first year of president’s term, posts negative returns during the pre-election year and its strongest returns in election years
C . Market has a below average year during first year of president’s term, posts its strongest returns during the pre-election year or in the election year
D . Market has a below average year during first year of president’s term, posts its strongest returns in the second year and reasonably strong returns during the pre-election and election years
Answer: C
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