We are one day out from one of the most polarizing elections in US political history.
As traders and risk managers, we are preparing for all possible scenarios to trade accordingly.
In this state of certainty, here are a few facts regarding markets and presidencies:
1)Markets have historically performed better when there is a Democratic president.
2)Markets prefer when the presidency changes guard to the opposing political party.
3)The S&P 500 Index performs better in a president’s first term.
Watch the full interview to see what the market has been pricing in and how it will react to who will win the presidency.
For more election coverage, check out what WealthPress trader Jeff Yastine has to say about the investor’s dilemma.