Capital Markets: Observations & Insights

I

Gridlock Is Good The Election

I • Market returns have historically been higher in periods when no one party controlled both the White House and the Congress

II

U.S. Equity Returns by Party Control

12%

III

9%

Split control of government has been good for stocks

IV

V

Sweep

Split

VI

Source: FactSet and Alger. S&P 500 median price performance from November through October since 1950. The performance data quoted represents past performance, which is not an indication or a guarantee of future results.

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