Phil Blancato’s Weekly Market Impact

weekly market impact with phil blancato podcast cover art
November 2, 2024/

We strive to keep you regularly updated with important market changes and news.
Please listen to the most recent market update from Phil Blancato, Advisor Group’s Chief Market Strategist. This call discusses recent updates for the economy and financial markets. As always, we’re here to answer any questions you may have. Please don’t hesitate to reach out.

We are in the final stretch preceding the election of the 47th president of the United States. Politics are everywhere – the news, workplaces, you name it. It’s easy to be drawn into the politically charged conversations that come along with an election year. As your financial advisors, it’s our job to help you keep politics out of your portfolio and in the ballot box.

At the end of the day, what does a presidential election mean for your portfolio?

Strong momentum in a presidential election year has historically carried into the rest of the year. 2024 has been the 3rd best start to a presidential election year for U.S. stocks.

Keep your eye on long-term return. Although there are short-term ups and downs, stocks have historically shown continued growth under either party.

Keep politics out of your portfolio. Historically, the amount of time in the market has a larger impact on returns than the political party of the president.

All in all, don’t lose sight of your long-term goals for your money and for yourself. Even if tumultuous times are ahead, know that we are here to help guide you along a clear path to success.

For more details, please see BlackRock’s Market Insights.

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