On the Eve of the Election

Posted by Sean Gross, CFP®, AIF®

A quick note to, hopefully, ease your minds on the evening before what is being described as the most consequential election of our lifetime...

• We remain cautiously optimistic: In spite of the recent sell-off, our Market Environment Indicator (MEI) remains positive.
• Economic data continues to show surprising growth.
• The market is not pricing in, so does not appear to be expecting, a disastrous outcome tomorrow.
• Now is NOT the time to sell.
• Economic outcomes appear to have a low correlation to election outcomes: https://www.jamesinvestment.com/docs/Fools-Gold.pdf
• VOTE! Bad officials are elected by good citizens who don’t vote. — George Jean Nathan
• Stay Calm—human beings are terrible at predicting the future: https://qz.com/1752106/why-are-humans-so-bad-at-predicting-the-future/
• When all the experts and forecasts agree, something else is going to happen — Rule #9 from legendary market strategist Bob Farrell's "Ten Rules of Investing".
• Choose FAITH over doubt and COURAGE over fear!