- Given all the market anxiety surrounding the upcoming US presidential election, we thought a fact-based, dispassionate look at how markets have behaved in previous election cycles may be useful.
- The overwhelming (and hardly surprising) conclusion: the economic backdrop has been a far bigger driver of post-election market performance than the winner or winning party.
- The rally following the Trump and Republican clean sweep in 2016 owed much to the reflation trade and ongoing growth optimism.
For further details see:
Lessons Of Past U.S. Elections: The Economy, Not Outcome, Matters Most To Markets