Investment research company Morningstar recently evaluated how the S&P 500 has performed starting Nov. 1 in the past 25Forward one-year returns were positive for 10 of the 13 elections where Democrats won, and in nine of the 12 contests where Republicans won, the firm found.
"Presidential elections historically have not been nearly as important to markets as most people think," said Mark Motley, portfolio manager at Foster & Motley in Cincinnati, which is No. 34 on the Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly"It's really hard to predict any sort of market movement based on whoever wins the presidency or whoever controls one or both houses of Congress," said Joseph Veranth, chief investment officer at Dana Investment Advisors in Waukesha, Wisconsin, which ranked No. 4 on the
Regardless of which party has historically been in power, the markets have moved higher in aggregate, according to Larry Adam, chief investment officer at Raymond James.