We decided to name this week’s commentary, “Elections: What Me Worry?” Over the last few weeks a recurring question from many of you has been: “what will happen if (insert name) wins”?
As we’ve shared with many of you, our sentiments, which are in sync with our expert economists, is that election results do not matter in the “long term.” As the table below depicts, markets have performed in line with historic returns post elections in which there were Democratic or Republican controlled congresses and the presidency and well as a divided Congress. Admittedly, there is likely to be volatility prior to, or post the election. But history suggests the most prudent thesis is to stay the course, and not to alter long term investment strategies. That said, “buckle-up” because the next few months may be a bumpy ride.
The below chart depicts S&P 500 returns from 1948 through November 2017. View the full article, Do Political Elections Impact Investment Returns?