As we approach the election, a key question arises: does it matter who wins or loses if the results are contested? Historical context shows that previous contested elections, like those in 2000 and 1968, didn't significantly impact market performance, despite society's upheaval. The current scenario suggests that rapid resolution may not be as crucial as corporate profit margins, which are at all-time highs. This year, the markets have shown remarkable stability, with the NASDAQ and S&P 500 reaching record highs. The absence of typical October volatility raises concerns among investors, leading to speculation about an upcoming correction. A prediction suggests the market might face a 7-10% correction soon after the election, highlighting the rarity of an election year with such strong performance. Despite the looming election uncertainties, fundamentals such as earnings and employment remain robust, encouraging bullish sentiments among investors.
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