Why Presidential Elections Are Good News for Stocks
The Democratic presidential debates started this week.
I watched both of them, on Wednesday and Thursday, which featured a whopping 20 candidates in total.
Some candidates, such as Senator Bernie Sanders, D-V.T., championed the idea of wiping out student debt.
Entrepreneur Andrew Yang wants to send each American adult a $1,000 “freedom dividend” every month.
Other candidates, such as former Vice President Joe Biden, had a more conventional approach.
While it’s only June, the passionate rhetoric and political jabs reminded me that the 2020 election isn’t a hypothetical scenario anymore.
It’s happening right now.
And that means there will be a lot of uncertainty for your portfolio until Election Day finally arrives.
In today’s nine-minute Market Insights, they discuss:
- Stocks have gone up in 19 out of the last 23 election years. And in 2012 and 2016, stocks gained 16% and 11.9%, respectively. Quote: “There’s a pretty good probability we might see another continuation of the most recent rally.” But one of our experts disagrees…
- Bitcoin briefly surged past the $14,000 mark earlier this week. The cryptocurrency jumped 40% in recent days, its fastest climb since the mania of 2017. Quote: “We’re seeing the bitcoin miners reappear on the leaders list. Micron and Western Digital are moving up sharply after strong earnings.”
- Gold producers have bounced back 10% to 15% just in the last month. Gold’s on a huge breakout of a multiyear pattern. Quote: “Huge upside there. But I would be cautious looking at the gold exchange-traded fund.”
To hear more, just watch the video below:
What are your predictions for the stock market and this election cycle? Let us know by emailing us at SovereignInvestor@banyanhill.com.
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Assistant Managing Editor, Banyan Hill Publishing