Election fever boost for US markets

Based on data going back to 1970, eight out of the last nine presidential elections have seen positive US market returns in the preceding three calendar months, the funds of funds specialist found. On average the growth between August and October inclusive in election years is 4.4%, which means annualised the returns have averaged 20.0% pa. This compares to just 0.9% in non-election years (equivalent to 4.5% pa). T. Bailey senior analyst, Elliot Farley says: “Following the 2008 Olympics when all eyes were on China, the next major item on the calendar for many is the US election. It’s ...