The race for the White House will likely impact the equity markets. While you may be tempted to position your portfolio now, experts say it's best to wait. Here's what different results on Nov. 3 could mean for stocks.
While 45% of investors surveyed said they plan to make changes before the election, 62% indicated they will likely make changes in the 12 months after Nov. 3, Hartford Funds' survey found."We're definitely seeing heightened emotions and a lot of passion coming out of this election," Julia Carlson, founder and CEO of Financial Freedom Wealth Management Group in Newport, Oregon, said during a Thursday webcast.
And if you strip away some outliers, such as the boom years under President Bill Clinton or the dips prompted by the dot com bust, there's practically zero difference in equity market returns, he said. "Short-term, the market never likes uncertainty," Link said. "We have this uncertainty and we don't know who's going to win."Exactly how the election affects the markets would likely change based on three different potential outcomes, Link said.
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