Markets and Economy
What Biden’s historic election decision means for markets
Nominating a new Democratic presidential candidate this late in the race creates additional uncertainty in the markets.
July 23, 2024
Insights
2024 Election Insights
Throughout election season, we’ll be tracking the issues that matter to voters and addressing investor concerns about what the results may mean.
Markets don’t choose sides
Despite investor concerns, presidential elections haven’t historically affected markets or the economy, no matter which party wins.1
Stay fully invested
Staying invested during both Democratic and Republican administrations yielded better results than investing only during a single party’s rule.1
Policy over politics
Monetary policy has had a greater market impact than party politics. Presidents have been either helped or hurt by Federal Reserve actions.1
The view from Washington
There’s been no shortage of twists and turns in this historically turbulent election. Global Head of Public Policy Andy Blocker and his team offers their latest insights into the race for the White House and what investors need to know.
Trump vs. Harris: Election changes course
Voters, party leaders, and down-ballot candidates have had to quickly shift gears from a Trump-Biden rematch to a Trump-Harris showdown in the 2024 presidential election.
Transcript
The view from Wall Street
Investors are often concerned that elected officials will radically re-engineer the economy, but the composition of the US economy has been consistent for decades. Global Market Strategist Brian Levitt discusses why investors should be more interested in business innovations and monetary policy than presidential politics.
Could the 2024 presidential election affect market performance?
Presidential election season is in full swing. But history suggests that investors likely don’t need to worry about what the results mean for the economy and markets.
Transcript: View transcript
Voiceover: Some investors believe that one political party is better for the stock market than the other. But if you invested in stocks only when your favorite party was in the White House, you’d be far behind where you would have been in a buy and hold strategy.
Dwight Eisenhower: We have passed through the anxieties of depression and of war to a summit unmatched in man's history.
John Kennedy: The torch has been passed to a new generation of Americans.
Richard Nixon: The spiraling pace of change allows us to contemplate, within our own lifetime….
Jimmy Carter: We must once again have full faith in our country.
Ronald Reagan: The dream of an America that would be a Shining City on a Hill.
Bill Clinton: And ambition for a better life is now universal.
George W. Bush: United across the generations by grand and enduring ideals.
Barack Obama: We are made for this moment and we will seize it, so long as we seize it together.
Donald Trump: No challenge can match the heart and fight and spirit …
Joe Biden: America has been tested anew and America has risen to the challenge.
Market performance in past elections
Easy-to-understand charts illustrating how markets have generally performed well in the second half of election years.
Transcript
Portfolio Playbook
Our monthly actionable overview of what’s happening in the markets and economy and how to consider positioning your portfolios.
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Footnotes
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Source: Invesco, Could the 2024 presidential election affect market performance?
