CNBC: “Investors could be overplaying the election as a lasting driver of the stock market, history shows”By admin_45 in IN THE NEWS
Excerpt from CNBC quoting DataTrek co-founder Jessica Rabe:
.... "Jessica Rabe,co-founder of DataTrek Research, notes that the S&P 500 slipped 4.2% in the five weeks from Election Day 2000 until the Supreme Court ruled George W. Bush the winner. Yet it came shortly after an already pressured Nasdaq absorbed major earnings warnings from Microsoft and a raft of other tech firms.
As Rabe says, “Long-lasting and significant volatility usually stems from an economic shock as opposed to politically related issues"....
Read the full article here on CNBC!