The stock market cares more about which party controls Congress than it does about which party wins the presidency, historical data suggests.
On average, stocks have done better when Congress was split between Republicans and Democrats, rather than controlled by one party. That's according to LPL Financial Senior Market Strategist Ryan Detrick. In a note published on Monday, Detrick looked at historical data dating back to 1950 and found that the stock market performed best when Congress was split between Republicans and Democrats.
It's probably no surprise that investors favor push and pull in Washington D.C. rather than one party writing and approving the laws, as the tension limits market uncertainty in terms of legislative risk.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JPMorgan defies Trump, says Biden presidency could help stock market - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Who at JPMorgan? janitor answer the phone for questions?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Here's what happened to the stock market on MondaySharp gains in tech led the major averages higher to start the week. In short, we went to the moon! SaraEisen always negative!! Enough already Of course Chinese National Broadcasting Network is always negative when the market goes down it’s around the clock coverage but when it goes up they show Shark Tank
Source: CNBC - 🏆 12. / 72 Read more »
Elon Musk's most controversial tweets about Tesla stock, market - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Business insider hard at work with news I see 🙄 we want financial data. not public tweets. you are 'business insider' ie not just easily publicly accessible Information.
Source: BusinessInsider - 🏆 729. / 51 Read more »
US-China tensions: Goldman Sachs creates new stock market barometer - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Looking for Logo , Business card, Banner, flyer for your company or business? Order me or contact me for your design. interesting Hmmm.
Source: BusinessInsider - 🏆 729. / 51 Read more »