By 3 News online staff
The US presidential election is drawing the attention of millions of people around the world and the financial markets are also keeping a keen eye on what happens.
But Doctor Jeffrey Stangl of Massey University's School of Economics and Finance says investors would be better to ignore the elections altogether.
He says markets are expected to be volatile over the coming days but will calm down after the election – and if it was a close race the markets would be extremely unpredictable.
Dr Stangl says while traditional perception suggests markets are more stable under Republican leadership, historical data shows this is not the case – markets under a Democratic president perform better.
“The conclusion from my research is fundamentally whoever is in power doesn’t have a lot to do with the direction of the stockmarket. A lot of other things determine what goes on on the stockmarket.”
3 News
source: newshub archive
