I went to early vote last Friday. It was mid-morning and the wait was nearly an hour. For some reason, folks seem extra motivated to participate in our representative democracy in this mid-year election. In fact, according to The Texas Tribune, early voting totals across Texas are only slightly behind where they were during the 2016 Presidential election, and more than double the number seen in the 2014 mid-terms.
While we won’t know the outcomes of the elections until next Tuesday night, one thing we can count on is that plenty of political advertisements, opinions, and prognostications will be shared in the days to come. Pundits will want you to believe that this election, unlike all before it, is the most important vote you will ever cast. The results, they claim, will have lasting impacts on the economy, society, and even the planet.
In financial circles, this talk will almost assuredly include how the composition of the House and Senate could move markets. But should you be worried about how this mid-term election will impact your portfolio?