Just one part of the ensemble

Jul 20, 2020 | Jay Zhang


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While the occupant of the Oval Office dominates the American stage, when it comes to influence on financial markets, the reality is that the president is less a lead player and more a member of a chorus.

RBC DS-CLOUD

Mainstream media outlets and alternative varieties on each end of the ideological spectrum are quite adept at amplifying the importance of U.S. presidential elections. Ratings and clicks pay the bills, after all. Whoever occupies the Oval Office certainly has great influence and can help or hinder the country’s progress and development, but many other factors
also determine U.S. asset class returns.
The same goes for Congress. While party control can absolutely make a big difference in setting national priorities and passing substantive legislation, how much does party control really impact the stock market as a whole, especially over the long term? 

 

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