The 2024 election and your portfolio

Here’s a look at what’s at stake nationally in the November 5 election, analysis of historical stock market trends in election years, and portfolio considerations for long- and short-term investors.

What’s at stake—election 2024

Voters will choose a president and decide the makeup of the entire House of Representatives and about one-third of the Senate.

Graph 1 About the Elections

Important disclosures

1 Two special elections will take place concurrently with the 2024 regular Senate elections: one in California to fill the temporary vacancy created by Democrat Diane Feinstein's September 29, 2023, death and one in Nebraska, following Republican Ben Sasse’s January 8, 2023, resignation.

Who's in power now?

Republicans hold a narrow majority in the House; Democrats hold a slimmer edge in the Senate and they control the White House.

Graph 2 About the Elections

Key 2024 election dates

  • January 15–June 8: state presidential primaries and caucuses

  • July 15–18: Republican National Convention, Milwaukee

  • August 19–22: Democratic National Convention, Chicago

  • November 5: Election Day

  • January 3, 2025: 119th Congress convenes

  • January 20, 2025: 60th presidential inauguration

Graph 3 About the Elections
 

Control of the White House

Graph 4 About the Elections

Elections vs. Non-Election Year

Graph 7 About the Elections

Party Control

Graph 5 About the Elections
 

Election Volatility

Graph 8 About the Elections

Election Cycles

Graph 6 About the Elections

60/40 Portfolios

Graph 9 About the Elections

Important disclosures

Past performance does not guarantee future results.

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2024 Market Update