Lessons of past US elections: the economy, not outcome, matters most to markets

Given all the market anxiety surrounding the upcoming US presidential election, we thought a fact-based, dispassionate look at how markets have behaved in previous election cycles may be useful.

Our findings, which dissected three-month moves in both US stocks and nominal and real Treasury yields following the past five US elections, are shown in the table below. The overwhelming (and hardly surprising) conclusion: the economic backdrop has been a far bigger driver of post-election market performance than the winner or winning party.

Read the full blog post now at the link below