No matter what you think about politics, though, it is important to understand that it is likely best to separate those views from what you do with your investment portfolio.
In this episode, we look at the historical data to explain why which party controls the White House is not likely predictive of how the market will perform.
We discuss:
- The historical performance of the market under Democratic and Republican administrations
- The importance of sample size when judging historical returns
- The role of the lag in the impact of economic policies
- Why the policies of both parties going forward may be more similar than you think
Jack's Article:
https://blog.validea.com/the-importance-of-separating-your-politics-from-your-portfolio/
ABOUT THE PODCAST
Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau), partners at Validea. Justin and Jack discuss a wide range of investing topics including factor investing, value investing, momentum investing, multi-factor investing, trend following, market valuation and more with the goal of helping those who watch and listen become better long term investors.
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