• Products

    World Bond Fund Monthly Positioning & Outlook

    View Now >

  • Insights

    Human-Centric Investing Podcast

    Listen to Latest Episode >

  • Practice Management

    Applied Insights Team

    Learn More >

  • Resources

    Tax Center

    View Now >

  • About Us

    Human-Centric Investing

    Learn More >

As election season heats up, you're going to hear lots of dire predictions about what will happen if Joe Biden is elected or if President Donald Trump is re-elected. If history is any guide, the US economy and the stock market will be fine in the long run no matter who gets elected.

Ronald Wilson Reagan
40th US President
1981-1989
In 1980 His Critics Said: Average US GDP Growth S&P 500 Index Average Annual Return
  • Former actor lacks the experience to be president
  • Belligerence toward the Soviet Union could lead to nuclear war
  • Reaganomics is dangerous and won’t work
3.5% 14.2%
George Herbert Walker Bush
41st US President
1989-1993
In 1988 His Critics Said: Average US GDP Growth S&P 500 Index Average Annual Return
  • Not a strong leader like Reagan
  • Lacks vision (“the vision thing”)
  • Part of the Reagan administration that doubled the national debt
2.2% 15.7%
William Jefferson Clinton
42nd US President
1993-2001
In 1992 His Critics Said: Average US GDP Growth S&P 500 Index Average Annual Return
  • Governor of a small state—unproven on the national scale
  • Tax increases will sink the US economy
  • Government takeover of healthcare will nationalize 20% of the US economy
3.9% 17.2%
George Walker Bush
43rd US President
2001-2009
In 2000 His Critics Said: Average US GDP Growth S&P 500 Index Average Annual Return
  • Running for president because of his last name, not his accomplishments
  • Tax cuts will only benefit the wealthy
  • No foreign policy experience—not ready for a crisis
2.2% -2.9%
Barack Hussein Obama
44th US President
2009-2017
In 2008 His Critics Said: Average US GDP Growth S&P 500 Index Average Annual Return
  • Inexperienced—only served in the US Senate for two years before running for president
  • Soaring rhetoric and exorbitant campaign promises are “just words”
  • Desire for a large stimulus bill and healthcare plan will explode the national debt
1.6% 14.5%
Donald John Trump
45th US President
2017-Present
In 2016 His Critics Said: Average US GDP Growth S&P 500 Index Average Annual Return
  • Never held political office
  • Doesn’t speak or act in a way that’s presidential
  • Trade war with China will damage the US economy
2.5%* 12.2%

 

Don’t fret if your favorite candidate doesn’t get elected in November! The US economy and stock market have generally marched higher through Democrat and Republican administrations alike. Dramatic events such as 9/11, the global financial crisis, and the COVID-19 pandemic can cause sharp market selloffs—but our economy and stock market have historically been resilient to these types of shocks.

Your financial professional can help you stay focused on your long-term goals regardless of who’s in the White House.

* GDP for President Trump is through 12/31/19. Data Sources: World Bank via FactSet, Morningstar, and Hartford Funds, 8/20.

S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

Past performance does not guarantee future results. The index is unmanaged and not available for direct investment. For illustrative purposes only.

Investing involves risk, including the possible loss of principal.

This material is provided for educational purposes only.

CCWP094    219202

The material on this site is for informational and educational purposes only. The material should not be considered tax or legal advice and is not to be relied on as a forecast. The material is also not a recommendation or advice regarding any particular security, strategy or product. Hartford Funds does not represent that any products or strategies discussed are appropriate for any particular investor so investors should seek their own professional advice before investing. Hartford Funds does not serve as a fiduciary. Content is current as of the publication date or date indicated, and may be superseded by subsequent market and economic conditions.

Investing involves risk, including the possible loss of principal. Investors should carefully consider a fund's investment objectives, risks, charges and expenses. This and other important information is contained in the mutual fund, ETF or closed-end interval fund prospectus or summary prospectus, which can be obtained from a financial professional and should be read carefully before investing.

Mutual funds and the closed-end interval fund are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA/SIPC. Exchange-traded products are distributed by ALPS Distributors, Inc. (ALPS). Advisory services may be provided by Hartford Funds Management Company, LLC (HFMC) or its wholly owned subsidiary, Lattice Strategies LLC (Lattice). Certain funds are sub-advised by Wellington Management Company LLP and/or Schroder Investment Management North America Inc. Schroder Investment Management North America Ltd. serves as a secondary sub-adviser to certain funds. Hartford Funds refers to Hartford Funds Management Group, Inc. and its subsidiaries, including HFD, HFMC, and Lattice, which are not affiliated with any sub-adviser or ALPS. The funds and other products referred to on this Site may be offered and sold only to persons in the United States and its territories.

© Copyright 2021 Hartford Funds Management Group, Inc. All Rights Reserved. Not FDIC Insured | No Bank Guarantee | May Lose Value