The Market Hates Uncertainty

I heard a data point on this week’s TCAF that blew me away:
There have been 20 midterm elections since 1942. The S&P 500 was positive from then until the following July during all 20 of them.

It didn’t matter if a Democratic president held or lost the senate or the house. Same for Republicans. The market doesn’t care about political beliefs. What it responds to is uncertainty, and it hates it. That&…

The post The Market Hates Uncertainty appeared first on The Irrelevant Investor.