‘Winter Is Coming’ For The White House And One Bank Worries The Market ‘Can’t Handle’ Volatility

The U.S. midterms could well be a source of volatility for markets, although that contention will doubtlessly bump up against various attempts to demonstrate that, historically speaking, investors shouldn't fret too much about November. For instance, in a note dated August 25, Goldman writes that "the median change in the S&P from the close the day before Election Day to the close the day after Election Day has been +0.7% in midterm elections back to 1954." The results are similar if you lo