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While the stock market might feel a few bumps during an election cycle, the broader economy does not.
Thats because its fueled by a number ofdifferent global economic factors, shifts in demographics and advancements in tech.
Investors should focus on long-term goals rather than short-term political noise, Jacobs noted.
Over decades, the market has shown a robust ability to grow, irrespective of the party in power.
These programs have broad bipartisan support, making drastic changes unlikely without significant legislative action, Jacobs explained.
Coupled with advanced upgrades in tech, industries like healthcare and green energy are consistently growing.
Thats because the earnings of a company depend largely on global markets.
Political climates change and companies adapt as necessary.
Meeting market needs and innovating with the evolving times are part of doing business.
Technology is a key driver of economic growth, and its trajectory remains largely unaffected by political changes.
Global Economic Integration
Global economic trends and partnershipsare crucial factors that transcend political boundaries, Jacobs said.
The global economy is interconnected, with trade, investment and supply chains spanning multiple countries.
The domestic economy in the United States tends to be influenced by trends inglobalization and economic integration.
Regardless of political changes, the principles of sound financial management endure, Jacobs advised American voters.
Focusing on personal financial goals and strategies is essential forlong-term financial health, irrespective of the political climate.
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