Do my investments care who’s in the White House? Of course I’m less productive working from home (said no employee ever). A tool to track small business recovery from the pandemic.
Presidential elections don’t matter…for investments (Morningstar)
A frequently asked question I usually get this time of year is whether who wins the election will affect the markets. I say usually because this year there’s been a different topic on everyone’s mind. Anyway, the answer is no, markets historically have performed about the same regardless of who is in the White House.
On the other hand, there is some research showing that a split Congress is better for markets than one where either party controls both the House and Senate.
Knowledge workers are more productive from home (Harvard Business Review)
The first study I’ve seen that shows working from home is not the productivity suck everyone jokes it is. Now, this research is based on employees’ self-reporting so take it with a grain or two of salt. And there is sure to be many more studies to come on this topic.
Small Business Tracker (tracktherecovery.org)
Courtesy of tracktherecovery.org, a couple of small business statistics for Montgomery County, VA. According to the site, there are 25% less small businesses open than on January 1. While that’s a concerning number, the 2nd chart shows that the businesses which are still open have on average recovered their sales.
I like that the site allows you to look at a number of economic indicators at the national, state and local levels.