In this week’s video, Curtis Congdon, President of XML Financial Group, discusses the markets post-midterms. Many people assume that if their party loses, doom is in store for the markets. And if their party wins, positive returns are on the horizon. History proves that isn't always the case; ballot measures, however, such as those regarding data centers on the recent ballot, could have an impact on the economy and the markets.
We examine charts showing that voters predominantly voted in favor of more restrictions on data centers and their construction in their communities. We also review data center construction trends and discuss how a decrease in that trend could affect overall GDP growth.
While it remains to be seen how this ballot measure result could affect the economy long term, we do know that markets like certainty. With the election results in, markets have one less unknown to contend with, and the 12 months following midterm elections have historically been a strong period for U.S. stocks.
Have questions about how these insights and ideas could impact your personalized wealth management strategy? Let’s talk.
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