February 2024 Newsletter

While some of you are actively watching the polls to see who will be the 47th President of the United States, the financial markets are looking at the two worlds as independent of one another. While the election results are important, I argue the path of interest rates will determine the results for the market this year. The market tends to trend upward in election years no matter who takes the office. In fact, most election years are positive, some 73% of the time.