Happy Election Day!
Well, here we go again. This election marks the 60th time we’ve voted for a president since our nation’s founding. Polls via www.realclearpolling.com/latest-polls and the betting odds sight www.electionbettingodds.com have been all over the place but generally indicate a tight race. We won’t know until we know but if what’s past is prologue, this could be a long day.
In the markets, as I type the S&P 500 is set to open up a bit after a couple weeks of generally being down. The index is sitting right in the middle of its overbought/oversold range so, like the rest of us, the markets are in wait-and-see mode.
Even though it’s less convenient, I like going to the polling place and voting in person on Election Day. We used to bring our kids and today we’ll take our son, now 18, to vote in his first General Election. There’s something about feeling that thrum of history even though it may seem a little antiquated these days.
Apparently a growing number of us prefer to vote early or via mail since nearly half of all the votes cast in the 2020 general election, for example, are in the books already this cycle. Regardless of how you voted, every vote matters and I still believe it’s a powerful thing.
I’ll be back next week with some information about how the markets did or didn’t respond to the election results. Otherwise, enjoy the day as we take another step in our Nation’s history.
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