October 20, 2016
This week at Provo Rotary members Steve Tolley and Ruth Riley, both financial consultants, summarized what we know about the influence of presidential elections on the US economy. In the long run, it makes little difference financially whether Republicans or Democrats win, but in recent history, the greatest growth has occurred under Gerald Ford, the second greatest under Barack Obama. Withdrawing your investments during a presidential election to put them into cash could cause significant losses compared to just leaving them invested. Wells Fargo predicts that Democrats will win the Presidency and the Senate this election but not the House. Industrials, materials, IT, financial, pharmaceuticals, and consumer stables sectors will likely benefit. As for international trade, it will remain robust.
This week at Provo Rotary members Steve Tolley and Ruth Riley, both financial consultants, summarized what we know about the influence of presidential elections on the US economy. In the long run, it makes little difference financially whether Republicans or Democrats win, but in recent history, the greatest growth has occurred under Gerald Ford, the second greatest under Barack Obama. Withdrawing your investments during a presidential election to put them into cash could cause significant losses compared to just leaving them invested. Wells Fargo predicts that Democrats will win the Presidency and the Senate this election but not the House. Industrials, materials, IT, financial, pharmaceuticals, and consumer stables sectors will likely benefit. As for international trade, it will remain robust.
