Year of the Horse Historically Poor for Stock Market

Chinese Zodiac and Stock Market

Credit:CNBC’s Giovanny Moreano and Pradip Sigdyal.

The Chinese New Year is symbolized by an animal from the zodiac calendar, rotating through a 12-year cycle. Last year, for example, was the Year of the Snake and 2012 was the Year of the Dragon.

Since 1928, Horse years have been cautiously optimistic for the S&P 500 and Dow, posting average annual returns of 2.41 percent and -0.09 percent, respectively.

In fact, the Year of the Horse ranks as the second-weakest year for both the

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