Election results create a partisan gap in economic sentiment, but it doesn't translate to spending.
In a 2008 visit to the London School of Economics, Queen Elizabeth famously asked economists why no one had predicted the onset of the financial crisis then afflicting the global economy.
Although some American voters may take a pessimistic view of a president-elect’s expected policies, research suggests the sentiment doesn’t make them spend less.
Although election results can affect consumer sentiment, particularly among those who oppose the victor, the sentiment doesn’t necessarily affect consumer activity.
Some researchers have concluded that higher-income homebuyers were moving into poor neighborhoods and driving the mortgage-credit explosion of the mid-2000s.