Chuck Jaffe: Why investing in ‘Trump stocks’ or ‘Clinton stocks’ is a wasted vote

Many investors have taken to wondering how they might cash in on “Trump stocks” or “Clinton stocks.” Truth is, trying to divine which stocks will benefit after November’s presidential election is frivolous and even dangerous to your wealth.

The folly of trying to turn current events into investment hunches just played out on a grand scale in Great Britain, where bookies and investing experts alike were sure that the vote to leave the European Union would be defeated. Moreover, if Brexit passed, the British stock markets would tank.

The oddsmakers were wrong, and so were the market observers, because although Brexit triggered a knee-jerk downward reaction, the British stock market then raced off to record highs.

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