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Eileen M. Carrero, CPA
Financial Advisor, CPA
Eileen Carrero Financial Services, LLC
Wealth Management, Tax & Accounting
4917 West 144th Place
Midlothian, IL 60445
Phone: 708-489-1035
Fax: 708-489-1036
Email: eileen.carrero@ceterafs.com
Website: www.myecfs.com
September/October 2024
Election Year Stock Performance
Investors often fear investing in election years because the stock market generally dislikes uncertainty, and election years foster it. That’s why it’s good to know that over the past 90 years, regardless of which party has won, the stock market (as measured by the S&P 500) has been down only two election years, 2000 and 2008. Primary season tends to be more volatile, but once the primary elections conclude, the market typically returns to an upward trajectory.*
For example, since 1932, U.S. stocks have seen an average gain of 11.3% in the 12 months after the primaries. Based on the S&P average, a hypothetical $1,000 stock investment when Franklin D. Roosevelt became president in 1933 would have
been worth over $21 million in 2023.
*Source: RIMES Technology, 2023. You cannot invest directly in an index. Past performance cannot predict future results. You must take certain adjustments into account in the combined income calculation.
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