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Election 2024 Update: It’s Policy, Not Party, That Matters

By Samuel Miller, CFA®, CFP®, CAIA®
Vice President of Investment Strategy

Historically, has the stock market fared better under Republican or Democrat administrations?

Many of us might instinctively answer Republican – based on the party’s traditional lower tax, pro-business platform. In reality, however, there’s very little statistical difference. Since 1950, the S&P 500® has produced strong annualized returns under both Democratic and Republican administrations. Notably, the best returns have come with a divided Congress. The market likes checks and balances! more


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