Researcher Studies Links Between Stocks and Government Spending
A UT Dallas finance expert’s new research suggests that before you invest in certain industries, it could pay off to consider which political party is in the White House.Dr. Jun Li, assistant professor of finance in the Naveen Jindal School of Management, found that industries that benefit from government spending have higher-than-average profits during Democratic presidencies. These include defense, oil and gas, shipbuilding and scientific research.