Economy

elleng

(136,071 posts) Tue Mar 5, 2024, 04:21 PM Mar 2024

Do markets always 'flounder' on election days?

Dow, S+P, Nasdaq all appear down today, tho at first appeared to DIVE and late in the day seemed to recover somewhat.

Happened to notice this today, and I was out early and only now (late) looking at details.

9 replies

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Do markets always 'flounder' on election days? (Original Post) elleng Mar 2024 OP

I think some of it is what they call "profit-taking" At least I hope so Walleye Mar 2024 #1

I hope so too, I guess. elleng Mar 2024 #2

I have S&P index funds as well, and they are doing a lot better this year. I just stay hopeful Walleye Mar 2024 #7

A guest on Bloomberg radio said yes, dips on Super Tuesday are the spooky3 Mar 2024 #3

Thanks. elleng Mar 2024 #4

I love that word. When they say the stock market has jitters Walleye Mar 2024 #8

I think we have Fed testimony and speeches Thursday and Friday bucolic_frolic Mar 2024 #5

Oh RIGHT! SoTU coming up! elleng Mar 2024 #6

So if Trump wins today in the stock market goes down, how does he explain that Walleye Mar 2024 #9

Walleye

(35,672 posts)

1. I think some of it is what they call "profit-taking" At least I hope so

Reply to elleng (Original post)

Tue Mar 5, 2024, 04:22 PM

Mar 2024

elleng

(136,071 posts)

2. I hope so too, I guess.

Reply to Walleye (Reply #1)

Tue Mar 5, 2024, 04:23 PM

Mar 2024

I surely didn't take any profits; hope my S+P did.

Walleye

(35,672 posts)

7. I have S&P index funds as well, and they are doing a lot better this year. I just stay hopeful

Reply to elleng (Reply #2)

Tue Mar 5, 2024, 05:21 PM

Mar 2024

spooky3

(36,207 posts)

3. A guest on Bloomberg radio said yes, dips on Super Tuesday are the

Reply to elleng (Original post)

Tue Mar 5, 2024, 04:31 PM

Mar 2024

Norm. And Jay Powell is speaking tomorrow, which might have added to jitters.

elleng

(136,071 posts)

4. Thanks.

Reply to spooky3 (Reply #3)

Tue Mar 5, 2024, 04:32 PM

Mar 2024

Walleye

(35,672 posts)

8. I love that word. When they say the stock market has jitters

Reply to spooky3 (Reply #3)

Tue Mar 5, 2024, 05:22 PM

Mar 2024

bucolic_frolic

(46,996 posts)

5. I think we have Fed testimony and speeches Thursday and Friday

Reply to elleng (Original post)

Tue Mar 5, 2024, 04:34 PM

Mar 2024

Make that Wednesday, Thursday, and Friday. Powell tomorrow at 10am. Uncertainty. Fed is boxed in. No room to move rates up, no room to move them down. Or very little room. Plus valuations are up there.

elleng

(136,071 posts)

6. Oh RIGHT! SoTU coming up!

Reply to bucolic_frolic (Reply #5)

Tue Mar 5, 2024, 04:38 PM

Mar 2024

Walleye

(35,672 posts)

9. So if Trump wins today in the stock market goes down, how does he explain that

Reply to elleng (Reply #6)

Tue Mar 5, 2024, 05:23 PM

Mar 2024

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