These are historic times. Just a week ago, incumbent president Joe Biden was all but a lock to be his party’s nominee to run for his second term as president. But since then gambler’s on the prediction market predictit.org have dropped his chances from 86% to 28%. Vice President Kamala Harris is now the most likely democratic party nominee at 46%. But this market is jumping around faster than GameStop options right now. As I’m typing this I’m clicking refresh to see where we’re at, so by the time you’re reading it, you may want to head over to predictit.org (search for 2024 Democratic presidential nomination) to see the live odds. What will happen?! Nobody knows. I think most humans are much worse at predicting things than we would like to believe. I’ve made a few small ($20) prediction market bets and I seem to lose every time, so I wouldn’t go by my guess. But it sure is interesting to watch it unfold. I just hope America comes out the winner! As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often. -Jeremy #president #politics #joebiden #kamalaharris #predictions
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Investors should “take a wait and see attitude” when it comes to the election of Rep. Mike Jordan as House Speaker and how his reign could impact policy, Stifel Chief Washington Policy Strategist Brian Gardner tells Frank Holland on CNBC. #housespeaker #congress #investors #publicpolicy #leadership
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Following Super Tuesday, the 2024 U.S. presidential race between Trump and Biden gains momentum. While election years tend to be more volatile, historically, the S&P 500 still yields 7.5% returns compared to 8% in non-election years. Markets don’t prefer uncertainty, but post-election clarity can lead to stock rallies. Important to focus on long-term goals for investors. Graph credit J.P. Morgan *Past performance is not indicative of future results #electionyear #stockmarket #hdqwealth
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People too often conflate the economy/market with politics. Not only do elections have little direct effect on the stock market, the same goes with Presidents' time in office. When purchasing a stock, time will smooth out the volatility of short-term goings on. This means that the stock will (generally) move according to the underlying nature of the business that a stock actually represents. For instance, Apple's stock has risen since Steve Jobs rejoined the company in the late 90s. At the foundational level, this is because it is a well-run business that offers great consumer products. Momentum and favor can give short-term lifts to fundamentally subpar businesses, but time will generally erode these false, ephemeral gains. Don't fall into the trap of allowing this (or any) election cycle corrupt your financial plan. And if you don't have a financial plan, I implore you to find a trustworthy advisor and collaborate to create one.
It’s natural for investors to seek a connection between who wins the White House and which way stocks will go. But a look at history underscores that the outcome of an election is only one of many inputs to the market. Check out our interactive exhibit showing market and economic data for nearly 100 years of US presidential terms: https://lnkd.in/gnpDqrfH.
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🇵🇱 Warsaw based financial adviser | Chartered Financial Planner® & UK Pension Specialist 🇬🇧 | European Financial Planner® 🇪🇺
𝗣𝗼𝗹𝗶𝘁𝗶𝗰𝘀 𝗮𝗻𝗱 𝗶𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝗱𝗼𝗻’𝘁 𝗺𝗶𝘅. As we approach elections in the US and the UK this year, it’s natural for investors to look for a connection between who wins the White House/Number 10 and which way stocks will go. But as nearly a century of returns shows, stocks have trended upward irrespective of whether the respective governments are Democrat or Republican or Labour or Conservative. As investors, we own shares in companies, the great businesses of the world, not political parties. And companies focus on serving their customers and growing their businesses, regardless of who is in power. Presidents and Prime Ministers may have an impact on market returns, but so do hundreds, if not thousands, of other factors — the actions of other foreign leaders, a global pandemic, interest rate changes, rising and falling oil prices, and technological advances, just to name a few. There is simply no real correlation between investment returns and the political party in power. Regardless of your politics views, don’t mix them with you investment decisions.
It’s natural for investors to seek a connection between who wins the White House and which way stocks will go. But a look at history underscores that the outcome of an election is only one of many inputs to the market. Check out our interactive exhibit showing market and economic data for nearly 100 years of US presidential terms: https://lnkd.in/gnpDqrfH.
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What's in store for the economy and the middle market in 2024? Check out this conversation between Joseph Brusuelas, RSM's chief economist, and Neil Bradley, executive vice president of the U.S. Chamber of Commerce.
Middle market outlook: Gearing up for 2024
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What's in store for the economy and the middle market in 2024? Check out this conversation between Joseph Brusuelas, RSM's chief economist, and Neil Bradley, executive vice president of the U.S. Chamber of Commerce.
Middle market outlook: Gearing up for 2024
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While war escalates in the Middle East, a political battle is also heating up in Washington. As of this writing, there is still no House speaker in Congress after Kevin McCarthy's exit and Steve Scalise's withdrawal over the past two weeks. While a number of Republican and House votes are scheduled to attempt to resolve this leadership vacuum, there are more political hurdles on the horizon. This only complicates the market and economic environment for investors who are already navigating higher interest rates, Fed uncertainty, stock market volatility, and more. What can investors do to keep politics in perspective as the situation in Washington evolves? Read this full post and previous posts at https://lnkd.in/gFcWpX6E
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As we conclude the first quarter of 2024, our CIO Dr. Francesco Mandalà, Ph.D. looks back at the global economic landscape in the past 4 months in the most recent edition of MBaer Necessities. From unexpected inflation spikes to robust equity rallies, our latest blog delves into the intricacies of current financial markets and what they could mean for investors. Check it out here: https://lnkd.in/dZp64MsZ
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Jeremy Schneider There’s one thing to be sure of. Joe is a bad bet.