Fidelity Worldwide Investment - “Looking at stock market performance following the last 12 elections suggests that investors should, in the short term at least, be rooting for an Obama victory. History shows that markets tend to rally after a win for the incumbent party by more than 10pc on average, but fall modestly if the challenger is successful. (...) With America teetering on the brink of the so-called ‘fiscal cliff’ the outcome of the US election is likely to be significant for markets and investors.”
Tom Stevenson, Investment Director at Fidelity Worldwide Investment