By Sean Michael Cummings
My grandmother was on the phone, giving me her "stock market tip" of the week...
"I think this is going to be a big deal for stocks," she told me. "Kamala Harris just raised $200 million in her first week of fundraising."
Harris is now the Democratic presidential nominee after President Joe Biden's exit from the 2024 presidential campaign. Her campaign shattered fundraising records after the announcement.
Now, my grandmother is sharp for her age. But she absorbs the same amount of information as just about anyone else. And she's holding on to a classic misconception about the stock market...
We've already debunked this myth in DailyWealth. As I've shared a few times this year, the electoral horse race simply doesn't drive stock market performance.