It’s been a crazy week.
Early voting numbers hit a record 97 million on the eve of the presidential election. In several states, the number of early votes surpassed or nearly surpassed the number of total votes cast in the 2016 election.
Cities across the country prepared for civil unrest no matter the outcome. And minute by minute, the media raced to keep up with the results.
Meanwhile, the stock market steadily climbed over the course of the week before dropping Friday morning while investors anxiously awaited the results.
On the eve of the election, Alexander Green pointed out that the executive office winner, as well as the makeup of the Senate, will influence the market’s behavior in the weeks and months ahead. Issues like regulation and corporate tax rates have a direct impact on American businesses and consumers.
So stock market investors are likely feeling a little nervous and uncertain right about now.
Adding to this uncertainty is the fact that it can be hard to understand how or why the stock market responds the way it does to divisive political elections… global pandemics.. or anything, really.
That’s why we wanted to gauge how Liberty Through Wealth readers feel about their stock market expertise.
So we asked, “Do you have a good understanding of how the stock market works?”
On Facebook, Richard S. wrote, “I like it so much that it keeps me reading and finding great companies. I think that liking the game leads to good picks and good picks motivate for more. Such fun.”
And Robbin L. wrote, “Somewhat, but I really do feel that it can be controlled and manipulated if people have enough money to do that. Such as the banks and other multimillionaires and billionaires.”
Fortunately for those who are confused by the market’s behavior, both Alex and Nicholas Vardy have decades of experience studying the stock market. And they’ll continue to provide timely market analysis and insight in the months ahead.
No matter who you voted for and no matter how the market behaves, we think Nicholas Vardy said it best: “[Democracy] is often rough and tumble, contentious and noisy. And it’s not always inspiring. But in the end, the United States will survive and prosper.”
Note: Comments may have been edited for spelling, grammar and/or clarity.