Recession Odds High No Matter if Hillary or Donald Takes Office

No matter who wins the White House, the historical odds of a recession and selloff next year remain high. But don't sell your stocks just yet.
Author:
Publish date:

During election years, the market typically starts choppy and then sees an upward price tilt during the second half. This is exactly what stocks are doing in 2016, says Bill Greiner, chief investment strategist at Mariner Wealth Advisors. But what about the year after either Donald or Hillary takes office? According to Greiner, the president's first and second years in office often see periods of stock market weakness due to uncertainty from the new policy initiatives. There is a 50% probability of being in a recession the year following a presidential election. Nevertheless, Greiner does not see a recession hitting in 2017 because the economic indicators are simply not showing contraction. He is advising investors to stick with their U.S. stock positions even in the face of the heightened recession odds.