QQQ is down 2.50% in October through the October 27 close, versus a 3.45% average gain at this point in prior midterm election years. That leaves it 5.96 percentage points behind the seasonal path.
This study covers all six completed U.S. midterm election years in QQQ’s history: 2002, 2006, 2010, 2014, 2018 and 2022.
