Mike Edwards discusses the presidential election cycle theory and whether or not the theory will hold in 2023.
On this week’s Green Marbles, G3 has Mike Edwards of Weiss sitting across the table. G3 asked Mike to talk about the Presidential Election Cycle Theory and whether or not the unique dynamics of the newly convened 118th Congress will impact longstanding market trends that often occur in the 3rd year of a presidential term.
Please check important disclosures at the end of this episode.
- Why should market participants be aware of the presidential election cycle theory? [1:13]
- Will a divided Congress trump the powerful tailwinds of the election cycle? [5:52]
- What concessions did Speaker McCarthy have to give in order to secure the speaker’s gavel? [8:00]
- Will markets view nihilism in the same positive light as gridlock? [13:31]
- What are the key dates associated with the anticipated debt ceiling drama? [18:21]
About: Consistent with its mission to invest in people, partnerships, and a purposeful future, Weiss Multi-Strategy Advisers launched a weekly podcast, In Search of Green Marbles, in November 2021. In each episode, Weiss leaders provide differentiated insights (i.e., green marbles) that aim to help institutional investors, financial advisors, and individuals identify actionable investment themes amidst the noise in today’s market environment. Primary topics of discussion include exponential innovation, the US-China relationship, longevity’s impact on financial markets, and the latest economic themes. Hosted by G3, featured guests include Weiss President and CIO Jordi Visser, Deputy CIO Mike Edwards, and Senior Vice President and Portfolio Manager Lundy Wright.
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