After months of anticipation, the election finally came to a head last night…

But, at the time of this writing, it’s still not clear who the victor will be.

So far today, markets don’t seem to mind the uncertainty. Or they’re taking the view that a Biden presidency is in the cards, and that that’s a good thing…

I don’t hold any opinion one way or the other. While politics and the stock market are becoming ever more intertwined, 100 years of data tells us that the market has one direction to go over time: up.

With that in mind, wading into the recent market volatility becomes much simpler. And today, I’ll show how no matter who wins the election, stocks are the place to be over the long-term.

The Big Money Election Playbook

As we’ve observed in past issues, the big money institutions of Wall Street have a consistent playbook for election cycles: Sell ahead of the election, and buy after.

However, this time was different. The big money started buying again much earlier than usual. And to me, that signals a strong market going forward no matter who wins. Because clearly, the powers that be on Wall Street aren’t too concerned about major policy changes affecting stock prices.

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And that’s reflected in the results so far. With what appears to be a divided Congress, the prospect of an immediate change in tax policy or additional stimulus measures isn’t likely. And especially in the case of a Biden win, there’s little chance Trump will push to pass stimulus measures from a lame duck office.

This means there’s little that will likely change in the coming months – and less likely still in the coming years. Clearly, the big money is fine with that.

Those who have followed this election closely might be dissatisfied with that answer. It’s natural to want a specific thing to happen in the wake of an election – whether it’s a blow-off move to the upside or a massive correction.

But the truth of the matter is: no matter who wins, you can’t lose.

Ignore the Noise, Buy the Best

As we’ve shown time and again, stocks go up over time regardless of who’s running the country. When your time horizon is longer than the next few months, it makes little difference whether you’re buying today or tomorrow (or whether this president or that president is in office).

The fact is the big money’s buying ahead of what’s traditionally seen as a volatile turning point in the economy. And that only underscores my confidence.

It’s easy to get overwhelmed and distracted by the bombast of a presidential election. But keep your eyes on the long-term prize: the best stocks on Wall Street that the big money can’t get enough of.

Right now, I’m most excited about tech – especially since a divided congress means we’ll likely remain in a low-regulation environment. For broad exposure, consider the Invesco QQQ Trust (QQQ). This basket of tech stocks is likely to do well in the near-term and long-term, no matter who winds up as our next president.

Patience and process!

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Jason Bodner
Editor, Palm Beach Insider