Capital Markets: Observations & Insights
Afraid of Change The Election
I • Historically, the stock market has been anxious regarding political change ‒ The fourth year of a presidency, or the year immediately prior to a new election, has been the worst of the four-year cycle
U.S. Equity Returns in Year of Presidential Cycle
Source: FactSet and Alger. S&P 500 average price performance from November through October since 1980. The performance data quoted represents past performance, which is not an indication or a guarantee of future results.
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