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The Midterm Election Year Bear Market
When all three are up, the S&P is up 28 of 31 years. And average gain is 70 and a half percent for the year. You've got a very typical midterm election year bear market that just occurred. We don't see a lot of back-to-back down years. Admittedly, we have headwinds here, which I don't want to get ahead of myself.