00:00 Speaker A
If you have a brokerage account or a retirement account, you might be wondering how the stock market is going to do after the election on November 3rd.
00:06 Speaker A
We found out on November 4th, the stock market did great. The Dow Jones had its best day since April of last year.
00:11 Speaker A
We have some research from Morningstar that shows that November actually is a pretty good month in election years as compared with non-election years.
00:20 Speaker A
And the reason for that apparently is that elections bring certainty and closure.
00:24 Speaker A
Before an election, you don’t know who’s going to win.
00:26 Speaker A
After an election, you know who won. And in the case of this election, it went pretty smoothly and most of the winners were fairly decisive and it doesn’t look like that we’re going to be dogged with days and days of recounts or anything like that.
00:36 Speaker A
Incidentally, Morningstar also says that November is just a good month generally for the stock market because we’re all gearing up for the holidays and spending a lot.
