Elections are important, but they’re a poor basis for investment decisions and in this political season, investment experts are offering plenty of advice and conjecture about the presidential election.
They say the stock market is likely to be volatile as candidates rise and fall in the polls over the next six weeks. They advise that a win by Joe Biden might be good for alternative energy stocks and the construction sector, while Donald Trump’s reelection could benefit banks and oil companies.
Here’s what you should do with all that advice: Ignore it.
Yes, the economy will be affected by the next president’s policies, but it also will be pushed and pulled by myriad other forces, including technology, world events, natural disasters and, most importantly right now, the coronavirus pandemic.
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