ATLANTA – With the beginning of 2024, we engage the onset of another presidential election year in the United States, and in this episode, Mark and Evan Fricks discuss how this unique season typically impacts the market and our client’s investments according to historical data. With the beginning of 2024, we engage the onset of another presidential election year in the United States, and in this episode, Mark and Evan Fricks discuss how this unique season typically impacts the market and our client’s investments according to historical data.
LISTEN TO THE ENTIRE SHOW:
EVAN FRICKS:
As Americans are preparing for the 2024 presidential race, so what are the investment implications of an election year with diverging views on Social Security, ESG policies, taxes and retirement? The next president could impact investing planning decisions, a question that we’ve been getting more and more this year.
MARK FRICKS:
Almost every client that I’m meeting with, it’s like so. So give me your take on the election. Who should get elected? Where’s the market go? So we thought this was a very appropriate subject for today and…and we’ve done…Evan’s done some great research too.
EVAN FRICKS:
Well, with Trump leading the polls for the Republican candidacy, excuse me, the election is shaping up to be a repeat of 2020. We’ve got big policy promises, the political rhetoric that seems to follow Trump around these concerns could lead to short term market fluctuations. Are we seeing that on our end?
MARK FRICKS:
I’ve not really seen that yet, and I think it’s because we’re coming out of a bear market and now I don’t know what the average investor on the streets doing, but I… you know, as far as our clientele, which is a pretty good sampling, right, you know they do kind of ask a little bit about should we reposition for this election or whatever. And I don’t think so. You know, thinking correctly, you know we’ve done shows on emotional behavior, investor behavior, things like that, and so I think most of the people you see that are moving to money markets are not using maybe logical numbers or algorithms, but I think they’re saying I’m going to sit this out for a while and I don’t know that that’s a great idea. We, I mean, if you’ve been sitting out the last six months to nine months, you’ve missed some really nice growth, you know, and certainly I’m not predicting the future.
