With only 2 weeks separating the US population from its upcoming presidential election, there is still plenty to talk about. Whatever your personal politics, the eve of November 3rd is likely to offer spectacle for the ages, so grab your popcorn.
As investors though, we need to avoid getting caught up in the short term news cycle, especially with it is so fraught with venom, rumour, speculation, and innuendo. Remember just 4 years ago when the markets went bonkers over the Trump victory? On November 16 2016, the SP500 closed at 2097 points. 4 years later, the index hovers around 3450 (as of writing).
I am not saying that one has anything to do with the other. In fact policy and leadership can only take finance so far.......companies and consumers have to do the heavy lifting despite what the policians would try to convince you to believe.
Ok....so now that I have gotten all of that out of the way, here is the real beef of this post. In most cases, markets tend to revert to the economic mean. What I mean by that, is that despite our opinions on which party/leaders are best for investors and business, you may be surprised at what you see in the attached chart pack. While we may not be able to predict the future, we can certainly learn some things from the past so let's have a look and see what it tells us......
Read. Enjoy. Discuss