Who would’ve guessed elections are great for the market? The S&P 500 has had its best week since April. At the time of writing, Biden has been declared President-elect, and it looks likely that Republicans will hold the Senate. However, the major equity indexes rose sharply on Wednesday and Thursday despite the outcome still being a toss-up. Doesn’t uncertainty translate to volatility in the markets?
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At its core, fashion is a form of self-expression. During the campaigning season of the 2020 election, many Americans have let fashion choices express their political stances. From sporting apparel, masks, T-shirts, totes, and accessories: every article of clothing worn by these political fashionistas incorporated the importance of voting in their outfit of the day. The propaganda must have worked looking at the quantity of this year’s voter turnouts.
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Back in 2008, Barack Obama and Joe Biden ran together for the offices of president and vice president under the slogan of Hope. Now in 2020 as the country is facing massive amounts of economic turmoil, racial and social injustice, and a pandemic, we are left looking for hope again.
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The looming decision regarding the legalization of marijuana during this election cycle is a major development to watch.
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When it comes to predicting future performance, the only data available to investors is the past; and that is what investors will look to when trying to decipher the direction of the stock market after November’s election.
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