Hello, my name is Chad Taylor, managing partner with Mdt Financial Advisors here in Houston, Texas. Today is November the twenty-second 2000 twenty-three, and I hope you're having a good week and looking forward to thanksgiving as well. I wanted to go over today a chart that was shared to us by our friends at the Wells Fargo Investment Institute because I've been getting the question quite a bit here lately about what happens to the stock market specifically in a presidential election year. And what does it do? Is it up? Is it down? I wanted to share my screen with you and have you look at this. There's a lot going on here on this chart, and if you'd like a copy of it, please let me know. I'm sure I knew, I'm sure I'd look at this every four years. I just don't quite remember every time, but it's kind of interesting to me. So if you're looking here at this chart, just look over here in this left column, and it shows from 2020 all the way back to 19 twenty-eight, the election years on average, the stock market averaged percent, a little over 11% during those years. If you can see that here, of the twenty-four presidential election years, 20 years have been positive,

20 out of the twenty-four were positive. If you see here, twenty-twenty was positive, 16 was positive, 12 was positive, 2008 was negative. That was the great financial crisis during that year, and it was really negative. 2004, 2000, the year 2000 was negative. That was kind of, if you remember, the tech bubble that burst back then. So of the twenty-four years, 20 years have been positive on average, a little over 11%. Now, the next thing that I kind of found interesting from this was one year after the presidential election year. What did the markets do? Of those 20 years that were positive, eight gave back some of the gains. So eight were negative the year after of those 20 years that were positive, but it still averaged 10% or a little over 10%, but you did get back in the eight of those 20 times some of the gains after that. So does that mean, let me stop sharing that. Does that mean

Next year is going to do the same thing? No, it doesn't. No one knows year to year what the markets are going to do, and usually it doesn't matter. It's positive in one party and positive in the other party, negative in one party, negative in the other party. Usually it's more about what's going on in the economy than just the presidential election. But it is something interesting to look at. As I mentioned, if you would like a copy of that, please let me know. If you have any questions, please let me know. I hope you have a good thanksgiving and look forward to talking more in the future. Thank you.