By: Jeffrey Buchbinder, CFA, Chief Equity Strategist, LPL Financial & Adam Turnquist, CMT, Chief Technical Strategist, LPL Financial

As Election Day approaches, we discuss potential stock market implications of various possible outcomes. But before we get into that, we offer our regular public service announcement around elections and investing. Political views are best expressed at the polls and not in portfolios.

Stocks have fared well under Democrats and Republicans, in unified and divided government, and in polarizing political environments. Capitalism and corporate profits drive markets more than politics. Narrow majorities in Congress take out extremes, helping to mitigate the risk that bad economic policy substantially weakens the U.S. economy. Geopolitical threats are serious, no doubt, and can disrupt the U.S. economy temporarily, but our economy and financial markets are incredibly resilient.

Read the full commentary here: election-playbook-weekly-market-commentary-11.04.2024