We are well into the time of year when the 2024 Presidential Election is the focus of many news channels and, frankly, on many people's minds. And in finance, it is no different. Elections often bring uncertainty and market fluctuations, which can cause anxiety for investors. So much so that we covered this topic during our July webinar, which you can access in the above video.
In the webinar, we dove into market data spanning hundreds of years, particularly since the 1950s, when the S&P 500 as we know it today was created. They say hindsight is 20/20, and looking at the market’s performance over the decades and several administrations, it becomes even more evident the importance for investors to maintain a long-term perspective during election years.
While short-term market fluctuations are common, historical data suggests that markets tend to stabilize over time, regardless of the election results. We advise our clients to focus on their long-term financial goals and not make impulsive decisions based on election outcomes.
Check out the full webinar replay for more in-depth charts and data. We think you’ll be interested in learning about the findings. As always, if you have questions about your portfolio or other financial topics, feel free to reach out for a meeting.