Market Observations

Election Matters

Market Observations White Paper
September 2020

Authors & Contributors

It is difficult to predict a national election and even more difficult to predict how the winner fares. The latter property probably explains why investors are mostly unperturbed by the approaching election. 

Power in Washington depends on control over both the White House and Capitol Hill, making multiple down-ticket races important. The combination of small differences in election odds, big differences in professed programs, and potential amplification effects from Congressional races complicates framing an economic outlook and investment strategy.