Good morning. As voters choose the next U.S. president, there’s a question of how the markets will react to the results. Analysts in the banking sector are weighing in.
A report released on Nov. 1 by J.P. Morgan Wealth Management notes that following an election, volatility in the stock market may be elevated. However, since 1984 there’s only been one election year where the market was lower 12 months after the election—in 2000, when the equity markets were grappling with the bursting of the tech bubble. “The Nasdaq 100 and S&P 500 tech sector sold off by double digits, while other sector declines were much more muted or in some cases produced gains,” Alan Wynne, a global investment strategist, writes.
