I came across this article a couple of years ago, and found it while looking through some bookmarks and thought it was kind of interesting, especially given the current market conditions.

https://www.pragcap.com/2nd-presidential-years-are-different/

Quote:

With a first term president in office, the market typically sees a price peak in November of the first year, and then a decline into the summer of the second year. That summer bottom typically leads to a rally into autumn, and continuing right into the 3rd year.