FYI: Tuesday is going to be a crucial day for the stock market. Are you prepared?
If the polls are correct, President Donald Trump and the Republicans are in big trouble. There’s an 86% chance Democrats will seize control of the House of Representatives, according to statistical-analysis firm FiveThirtyEight.
This is causing big-time anxiety for investors who’ve enjoyed the 28% stock market rally since Trump took office. No matter what you think of Trump, his reign as president has been great for stocks. But as the election has drawn closer, the market has fallen apart.
The S&P 500 closed out October with a 7% monthly drop, nearly its worst month since the financial crisis. So what could happen this month—and the months ahead?
Few topics stir emotion in America like politics. Many perfectly reasonable people lose the ability to think straight when they hear the name “Trump.” As I always said at RiskHedge, politics and investing don’t mix. Investor Warren Buffett often says: “If you mix politics and investing, you’re making a big mistake.”