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).
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