The Dow Jones Industrial Average1 eclipsed its February 12 high on Monday, which is the last of the major averages to break out to a new high.
The S&P 500 Index2 and the Nasdaq Composite3 had already topped prior peaks. Smaller companies, which have lagged, broke into new territory last week (WSJ, CNBC).
The post-election environment has created clarity but also raises new questions. One question that usually arises: How might a new president affect stock market performance?
Like or dislike President Trump, we have a track record regarding policies and style. Stumping on the campaign trail, Joe Biden offered us a preview, but questions remain.
We may gain some insights by reviewing prior market performance, but it won’t answer all our questions. For starters (stating the obvious), no one knows the future.
Happy Veterans Day and warmest wishes to all those who have served our nation.
Today's topic centers on market scenarios with a focus on political parties in control.
Joe Biden is the projected winner of the election, and investors believe Senate control will eventually reside with Republicans.
How do stocks perform based on Congressional makeup and which party holds the White House?
Stocks surged as investors breathed a sigh of relief that the darkest predictions of election-day chaos didn’t materialize. From the narrow vantage point of the market, the aftermath of the election was relatively smooth on the surface, even if a winner was not immediately declared.