Stay invested in the market regardless of politics: Strategist

As the 2024 election season heats up with this week's Republican National Convention, many on Wall Street debate how the build-up to and ultimate outcome of the election will impact markets (^DJI, ^IXIC, ^GSPC).

LPL Financial chief equity strategist Jeff Buchbinder joins Market Domination to share how best investors should be taking in all the political whirlwinds, including the attempted assassination attempt on former President Trump this past weekend which pushed markets higher, in order to make wise investments.

"Even though we have thought for a while that stocks are a little bit expensive, we have remained fully invested. That's been our recommendation, we're neutral on equities... the numbers here are very compelling, in terms of staying invested," Buchbinder tells Yahoo Finance. "So certainly there were some Democrats that missed out on gains during the Trump presidency before. There's certainly, the opposite as well. So, yeah, staying invested, the stock market goes up something like 78% of the time. Staying invested over the long haul makes a lot of sense. It's very unlikely that you're going to get declines over any meaningful period of time."

Buchbinder and LPL Financial remain neutral on equities

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Nicholas Jacobino