Worst One Day Reactions to Presidential Elections

Via Bespoke:

So much for yesterday’s rally.  With a decline of 2.2%, the DJIA is on pace for its fifth worse one day decline following a Presidential Election Day since 1900.  The worst one day decline came in 2008 when the S&P 500 dropped 5.0% following Barack Obama’s election.  Interestingly, while stocks have typically performed better under Democratic administrations, the five worst one day reactions to a Presidential Election all came following Democratic victories (gray shading).

Read the rest here.