There seems to be a growing concern over the possibility of a contested Presidential election and what it might mean for the stock market. The last time the U.S. experienced a contested Presidential election was in 2000 between Bush and Gore. It lasted 36 days and impacted the S&P 500 index (- 4.2%). I don’t think many would argue the times in which we live today have changed significantly since 2000. Moreover, this factoid is not intended to predict the S&P index performance should the upcoming election be contested. However, it is a reminder that not one dime in the value of stock or mutual fund shares owned was lost during that period unless the shareholder decided to sell his or her stock or shares during that brief down period.
Until next time………stay nimble, be tactical and know what you own.