Labor Day, Fun Facts, and Presidents

Dear Clients & Friends,


Today we write simply to wish everyone a happy and , healthy holiday weekend. However, it would not be our style to leave you without a few interesting points to ponder during your day off.


1) Yesterday (Thursday), the tech sector sold off deeply. Apple lost $180 Billion in market capitalization (stock market value). That was the largest single day drop in market cap ever and is greater than the annual GDP of more than ¾ of the countries on planet Earth.


2) As we have begun our election year research, we thought we’d share some facts about the stock market performance relative to which political party occupies the White House. There are several factors that make this chart imperfect, such as time between election and executive action, time between action and results, and the majority party in Congress. (We wrote extensively about this in 2018: https://www.morwm.com/post/party-vs-market). As a reminder: the stock market is indirectly rather than directly correlated to the economy. Here is the data since WWII.



And for fun:


3) The oldest stock exchange in the world is the Amsterdam Stock Exchange which was established in Antwerp, Belgium in 1460.


4) The American Stock exchange was originally called “The Curb” because traders first started on the city streets of New York, standing “by the curb.”


5) Historically, September is the worst month for the US Stock market and October is the most volatile month. So, in this election year with COVID 19 upon us, the next two months should be interesting to witness.


Have a lovely, peaceful, and rejuvenating holiday weekend.


- The MORWM family

6 views0 comments

Recent Posts

See All

[Since this article was written earlier this week, congress has voted to extend the debt ceiling deadline until December. Nonetheless, the context remains the same. Thus, we’ve chosen to publish anyw

Dear Clients & Friends, This weekend, we are discussing the newest proposed changes to the US tax code. This is a hot topic any time such changes are considered by Congress (although, in my opinion,

Dear Clients and Friends, On July 24th, ProPublica wrote this article about how Peter Thiel, most notably known as the founder of PayPal, turned a $1700 investment in a Roth IRA into $5 billion, which