Year 3 of a U.S. president's term is bullish for stocks, but 2023's gain is probably over by now

Don’t expect much more out of the famous “third year effect” in the U.S. stock market. I’m referring to the seasonal pattern that keys off the presidential election cycle. The third year of the four-year U.S. presidential term historically has been far and away the best performer of the four. In…

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