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Today’s Chart of the Day was provided by Angie Parsons, a Portfolio Manager at Crews Bank & Trust, after attending a presentation by Brian Levitt with Invesco called, “Is the Second Half of Elections Bad for the Markets?”
Past performance is no guarantee of future results, but the stock market represented by the S&P 500 has been positive (shown in green) for 18 of the 21 election years going back to 1930. Additional information in the presentation also proved “No” to the second half question, with the market posting a median gain of 5.5%.
Side note: The only three negative years - 1932, 2000, and 2008 - occurred during recessions.
Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.
Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.