Happy Halloween to those who celebrate. Just a brief update for now as I’ll be sending a longer email next week when we know who’s moving into 1600.
Economic Uncertainty and Election Tensions Shape the Month
October has brought volatility to the S&P 500, now up around +1.3%, as it contends with election jitters. Economic data, inflation concerns, potential rate changes, and the looming election have heightened market sensitivity. Luckily we’re only days away from ‘certainty’ returning to the market, regardless of who wins.
Election Season Market Moves
Policy changes hold the potential to spark either a bull or bear market, especially in prominent sectors like tech, energy, and finance, which have been leading the markets this year. As we approach election day, market turbulence is expected to persist. For long-term investors, holding steady might be wise, while those with shorter time horizons may find opportunities to capitalize on market fluctuations.
With Election season here, parts of the Tax Law set to expire at the end of next year, the election results will inevitably impact your finances and your money as a whole. While we can’t predict the exact outcome, we’ve created a comprehensive Election Guide 🇺🇸 to walk you through each possible scenario and its effects on your money. As the polls remain incredibly close (within an inch), it’s likely to stay a tight race until a clear winner emerges.
I’ll send a long post next week with some detailed analysis of what could happen to the tax law and markets – unless my home state of PA is still counting until next Friday.