It’s finally Election Day. I, for one, am more than ready to see the end this very acrimonious cycle. I hope all of you eligible voters out there exercised your right to vote. Remember if you don’t vote, you don’t have much cause to complain about the outcome. :-)
Venturing over to the investment side of things today by posting the following table, which catalogs the S&P 500’s performance on the day of and day after each presidential election (one note: tracking performance on Election Day is a little trickier because between 1932 and 1980 it was designated a market holiday).
It looks like the market is usually positive as people head to the polls (mind you, on more limited data); history also says that no matter the outcome tonight, there’s a higher probability that tomorrow’s market action will be to the downside. Let’s see if this holds true…
Source: © Provided by Dow Jones & Company, Inc.