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Now that the votes are cast, what is next?

Published: November 5, 2024

 

It’s been a long and unprecedented election season and, now that election day has arrived, many are wondering – what’s next, and what might this mean for the financial markets and your investments?

Regardless of the outcome, history shows that the markets tend to favor certainty over uncertainty. While some short-term market volatility may occur post-election, we believe stability will follow. Historically, markets have generally performed positively after major elections, regardless of the outcome or the balance between executive and legislative branches of government, as illustrated in the chart below.
 

At Klingenstein Fields Advisors, we remain cautiously optimistic about the economy and the markets. We believe in the resilience of our nation, economy and institutions, which have continued to thrive and grow through many challenges. We are closely watching any developments which may affect our investment strategy.

Important Disclosures

This material is provided for informational or educational purposes only and should not be construed as investment, accounting, tax or legal advice. Always consult a financial, tax and/or legal professional regarding your specific situation. This communication is not intended as a recommendation or as investment advice of any kind. It is not provided in a fiduciary capacity and may not be relied upon for or in connection with the making of investment decisions. Nothing herein constitutes or should be construed as an offering of advisory services or an offer to sell or a solicitation to buy any securities or a recommendation to invest in any specific investment strategy. Investing involves risk, including the possible loss of principal. Past performance is not indicative of future returns. The views expressed herein are as of a particular point in time and are subject to change without notice. The information and opinions presented herein are general in nature and have been obtained from, or are based on, sources believed by Klingenstein Fields Advisors (“KF Advisors’) to be reliable, but KF Advisors makes no representation as to their accuracy or completeness. Although the information provided is carefully reviewed, KF Advisors cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided. KF Advisors represents two investment advisers registered with the Securities and Exchange Commission: Klingenstein, Fields & Co., L.P. ® and KF Group, LP. If you are a KF Advisors client, please remember that it remains your responsibility to advise KF Advisors, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services.