We are definitely in the thrust of fall with the election around the bend and most of the leaves already fallen from the trees. I find the BEST part about this particular October is that the Cubs have made it to the World Series!! I just received my "I ain't 'fraid of no goat" shirt in the mail and am looking forward to cheering them on to victory (hopefully) against the Cleveland Indians.
The Curse of the Billy Goat is a long-standing "explanation" of why the Chicago Cubs have not won the pennant for decades. Supposedly, Bill Sianis, owner of the Billy Goat's Tavern, and his pet goat, were kicked out of Game 4 at the 1945 World Series after some other spectators complained about the goat's odor. Sianis cursed the Cubs, who have not made it to a World Series since then. 52 years later, in 1997, Bill's son Sam (then owner of the tavern) and a new goat were brought in by the Cubs to rid them of the curse.
Not completely unlike the Curse of the Billy Goat, we are looking to bust some myths about how elections affect the stock market. Make sure you click on the "read more" links in each section of the newsletter!
Kelly, Julie, Denise and Merissa
JP Morgan Market Recap
Thought of the week...
The surge in popularity of passive strategies is well documented, with low fees and uninspiring active performance the oft-cited catalyst for their rise. But this incomplete narrative overlooks three important considerations for investors.
It's not often that an investment advisor can use the word "guaranteed." However, lately it seems that it is guaranteed I will be asked in our client quarterly review meetings, "Should I get out of the market before the election?" While the rhetoric on both sides certainly adds another layer of uncertainty to the markets; the bottom line is that statistics show there is very little correlation to which party ends up in the White House and how markets perform.