I own some Fidelity mutual funds. Once a month I receive their so-called "E-News." Today, one week before the election, they emailed me their newsletter with the following as their lead story:
------ Does the Market Play Presidential Favorites? By Sam Stovall
Many on Wall Street--and on Main Street, for that matter--believe the stock market prefers a Republican president. Oddly enough, however, the S&P 500® Index has posted better returns when a Democrat has held the office than a Republican. Since 1929, the S&P 500 has gained an average of 10.1% during each year of a Democratic administration, yet only 3.8% during Republicans' years in office.
Even excluding the Great Depression, Democrats hold the edge. Since 1945, the "500" has risen 10.7% on average each year under Democrats and 7.6% under Republicans. READ MORE
----- The rest of the story, complete with charts, is at:
