Are Democrats Really Better For The Market?

New research by Research Affiliates questions whether a Democratic presidency is really better for stock market returns.

The fact that the U.S. market has performed better under Democratic administrations isn’t disputed. Researchers have documented a statistically significant outperformance when a Democrat is in office going back to the 1920s.

The phenomenon is unexplained, and is known as the “presidential puzzle” by researchers.

But in a study published last week, Research Affiliates chalks it up to a statistical fluke.

from FA News


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