Hi All,
Happy Tuesday! The market ended a 9-week winning streak last week, with significant losses in the technology sector. Yesterday, the Dow was pulled down by Boeing, so it has been a tough start to the year across multiple indices. Looking ahead, the upcoming week will see relatively less data until CPI and PPI are released on Thursday and Friday.
For this week, I have attached an article from our partners at JP Morgan on sector performance based on which party is in the White House.
During election years, investors seek to adjust portfolios for potential volatility. Historical data since 1990 shows mixed sector performance under different administrations. However, these patterns lack consistency for future predictions. Thus, it's advised to focus on economic fundamentals and maintain a disciplined approach rather than solely relying on past trends and trying to predict which party will come into power.
https://am.jpmorgan.com/us/en/...
Please call if you have any questions or need any assistance.