The recent correction has left the S&P 500 down about 6.4% in price so far this year with a few days to go in August. In the past 41 years (as far back as Baseline goes), the market has been down 2/3 of the way through the year about 1/3 of the time.
Assuming we remain below the 1257 level from where the year began, this will be the first time we have been down in the first 8 months of a year that precedes a presidential election year. Here is a table that includes each of the prior negative eight-month starts, sorted from worst to best:
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