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incumbent tends to lose. we've only seen 6% which seems to be pricing in a biden victory. correlation does not imply if causation, but the fact we saw a 1% selloff right after the market opened yesterday could tell us the odds of a trump victory are increasing after the verdict. the stock market needs to sell off a lot more to price in a trump victory not because of his policies which are for the most part pro-america, but because of the uncertainty. neil: you know, it's always hard to say when the presidential election begins to weigh with on investors. the rule of thumb is it's usually late summer, around labor day that they begin paying more attention to it. i don't know if that's even true, but that's market lore. it could be wrong. but the other factor here is how americans feel about spending and whether they're inclined to spend. and there, i hate to use word, it's kind of bifurcated.
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(wife) saving for retirement was tough enough. (husband) and navigating markets can be challenging at times. (fisher investments) i understand. that's why at fisher investments, we keep a disciplined approach with your portfolio, helping you through the market's ups and downs. (husband) what about communication? (fisher investments) we check in regularly to keep you informed. (wife) which means you'll help us stay on track? (fisher investments) yes. as a fiduciary, we always put your interests first. because we do better when you do better. at fisher investments, we're clearly different.