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The November election doesn't just mean endless debates and polls. It has implications for the economy and your finances, too.
Typically, an election year means low interest rates and happy days in the stock market. In years when an incumbent president has run for reelection, the stock market has typically returned 10 percent to investors, according to the Stock Trader's Almanac. Policymakers in Washington do what they can to keep the economy chugging along.
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But — you knew there was a but, right? — both the current economic expansion and the bull market in stocks are the longest in modern history. And nothing goes up forever. Privately, banks are already taking measures to protect themselves from a recession they expect before the end of the year, says Robert McKinley of research firm CardTrak.com.
And this election year is one of sharp divisions, mercurial candidates and a hair-trigger Wall Street, so anything can happen, perhaps quickly. That can be frightening, but it also offers opportunities for improving your finances while the politicos fight it out. Here are three strong moves to make in 2020, and one that you definitely don't want to make.