Speaking at CNBC’s Financial Advisor Summit, politics experts covered what investors should know about the stock market during the 2024 presidential election.
"Given this is going down in history as probably the most consequential and contentious election in the U.S. in 100 years, it's kind of difficult to believe that the market is trading with the election in mind," Woo said.While domestic issues are usually determinative in presidential elections, the coming race will likely be focused on international issues, said Woo.
"It was actually not until Biden became president and energy stocks soared because geopolitical risks went through the roof," he said. Yet delays in verifying an election winner have negatively impacted riskier asset classes in prior races, according to the analysis.