• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Morningstar: stocks rise more in November of election years than in non-election years

FinanceInternationalUSA TodayAI summary
Image: USA Today

A Morningstar analysis of 100 years of U.S. stock returns found that stocks tend to rise more in Novembers of election years: 2.4% on average, versus 0.9% in non-election years. Strategist Dan Lefkovitz attributes the effect to elections ending uncertainty. BlackRock notes that annual returns tend to be weaker in midterm years, while Fidelity says the S&P 500 gains more in the 12 months after midterms.

In 30 seconds

  • Morningstar: in Novembers of election years stocks rise 2.4% on average, versus 0.9% in non-election years.
  • The analysis attributes the effect to elections clearing the uncertainty markets dislike.
  • BlackRock: annual returns average 7.5% in midterm years and 12.4% in other years.
Read the full story at USA Today

IASummary generated by artificial intelligence from a story by USA Today. It may contain errors: the original source prevails.

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