This is not intended to be a commentary on the results of the recent Presidential election. Irrespective of how the election turned out, 50% of Americans were going to be very happy and the other 50% were going to be bitterly disappointed.
Conventional wisdom tells us that the stock market does best when the three branches of government are shared by both Republicans and Democrats. Not so fast! In two more months, the Republicans will control not just the Presidency, but also the House and Senate. Going back to 1950, this “trifecta” has occurred just twice, once from 1953-1954 and again from 2003-2006. In the first instance, the stock market was up 35.80% and the second time it was up 61.20%.*
Many investors today are filled with panic because of the uncertainty of a Trump presidency. History tells us not to worry so much.
*Daily Wealth Premium. November 10, 2016
These are the opinions of Dr. Steve Sjuggerud and not necessarily those of John Buetow or Cambridge, are for informational purposes only, and should not be construed as investment advice.