elections affect stock market Yes, investor sentiment in the immediate aftermath of the election can  affect the market. And, yes, presidential policies affect the economy,  which then in turn can affect the markets.  However, there are a bunch of other factors not wholly connected to  presidential policies — such as oil-price shocks, productivity shocks,  and things like China’s devaluation of its currency — that all influence  what happens with the stock market (SM). Plus, we should note that the  (SM) is not the economy.  In any case, as an endnote, perhaps the most telling historical nugget  with respect to the relationship between presidents and the (SM) is the  following, fes, Morocco  

https://youtu.be/WgJbVrO3dBI