Our webinar yesterday with Apollo Lupescu was full of great anecdotes and information.
Here are a couple highlights:
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The economy and the stock market are related but not the same. The economy is focused on today; the stock market is focused on the future. The economy is the weather today; the stock market is a weather forecast. Markets have produced tremendous results in terrible economic environments, see e.g. 1980, 2009, and 2020.
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It’s common to hear “markets don’t like uncertainty.” Yet, 20 of the past 24 presidential election years have had positive stock markets. The four others were 1932 (Great Depression), 1940 (WWII), 2000 (Dot-Com Burst), and 2008 (Great Financial Crisis). All four years featured events much bigger than elections.
You can watch the full webinar by clicking below:
