FYI: When it comes to investing, Donald Trump is best known for his real estate fortune, not his stock market savvy. But lately, he has taken to offering tips to shareholders. “If you want your stocks to go down, I strongly suggest voting Democrat,” he tweeted on Oct. 30, one of a string of such warnings in recent weeks.
That’s a worrisome suggestion, that stocks will tank if Democrats gain ground, because although pollsters no longer expect a “blue wave” on Election Day, they overwhelmingly predict a Democratic takeover of the House. FiveThirtyEight.com, an election blog that combines polls from various sources, puts the chances at 6 in 7, or 85%. (It says the same for Republican chances of keeping the Senate.) The president hasn’t been specific about how many votes for Democrats it would take to trigger his predicted decline, but you’d think flipping one of the nation’s two main law-making bodies would do it.
The evidence suggests no clear relation between partisan control of Congress and the performance of the S&P 500.
Regards,
Ted
https://www.barrons.com/articles/midterm-advice-tune-out-the-political-noise-stick-with-stocks-1541194440?mod=djem_b_Weekly barrons_daily_newsletter
