The Markets Don’t Care Who’s President
June 06, 2024
Yeske Buie in the Media
As the clock ticks down to Election Day 2024, our thoughts on the impact of the election on markets and the economy are getting some media attention. Financial Advisor Magazine writer, Jacqueline Sergeant, attended our recent live webinar, Election Season: Does the Market Care Who’s President?, and followed-up with Yeske Buie Chief Investment Officer, Yusuf Abugideiri, to collect further thoughts on the topic.
These thoughts were shared by the publication in this piece titled Yeske Buie: The Markets Don’t Care Who’s President. What follows are quotes and excerpts from the article highlighting our foundational views we hope you’ll keep in mind as election season continues to ramp up.
“Regardless of who is president, the markets are going to do what markets are going to do and that is process information and indicate an expectation of where things are headed based on that information.” – Yusuf Abugideiri
“There are macroeconomic factors that are always at work for which the president cannot be praised or blamed. You just have to look under the hood.” – Dr. Dave Yeske
“We are not saying that elections are not consequential. What happens politically, what happens in an election year and in every other year matters; it’s just not as important to the economy and to the markets as we might assume” – Dr. Dave Yeske
“And through it all, the most critical piece is the GDP (average annual growth of economic output) of 4.4% over the 20-year-period,” Abugideiri said. “That’s three recessions, four presidents (two from each party) and a really strong growth rate.” – Yusuf Abugideiri