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But we saved everything 🙂.
Peter Mallouk emphasizes that financial markets are influenced by earnings, innovation, and growth rather than political outcomes.
He comments that markets do not operate on political motives, but on underlying economic fundamentals.
Mallouk has previously noted that the S&P 500 delivered an average annual return of 12 percent since 1980, even with significant year-to-year declines (link). He also pointed out that Facebook shares dropped 54 percent following their 2012 IPO, ending the first year down 31 percent while the wider market gained (link). These observations focus on performance data rather than political factors.