Lessons from Election Market History; “The Black Swan” Author Nassim Taleb
Ed Clissold, market strategist for Ned Davis Research Group, puts this week’s election in perspective with market and election data going back to 1900. Historically, a Republican incumbent victory prompts a market rally in the short term, but a reversal in the year following. Essayist and “Black Swan” investor Nassim Nicholas Taleb outlined the risks of a pandemic earlier in 2020, and now says the solution is simple, if only governments around the world could move past their coronavirus denial. Taleb - who advises Universa Investments, with 100%+ annual return from 2008-2019 - says victor predictions are a sign of incompetence; his election calculus: 50/50. Plus, Covid-19 cases continue to rise as we head into the holiday season.