Edgetho
Diamond Member
- Mar 27, 2012
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We all know how dems love to tell us how much more edumucated they are and, by extension, how much more they make than us unedumucated Red Neck Red Staters..... Well --
From Ed Morrissey at Hot Air, the rabidly left/globalist Economist frets about the brain drain away from blue states and cities.
These trends play out across America. Along with Kai Wu of Sparkline Capital, a fund manager, we assembled 30 listed firms that are seen favourably by Republicans or Democrats, based on surveys. The process was inevitably arbitrary: there is no single poll that covers all companies. In the end, the Republican basket included firms such as John Deere, Fox and Harley-Davidson, whereas the Democratic one featured Etsy, Lululemon, Lyft and more. The recent market turmoil hit the Republican basket hard. But in the past decade its shareholder returns, including dividends, have thrashed the blue basket (see chart 3).
Why do MAGA companies seem to outperform? Maybe they eschew virtue-signalling. Point Bridge America First, an exchange-traded fund that uses the stock ticker MAGA, only includes firms that support Republicans. The Democratic Large-Cap Core Fund, with the stock ticker DEMZ, invests in companies that make big donations to the Democrats. Since the end of 2020 MAGA's price has easily outperformed DEMZ. Goldman Sachs, a bank, has built a stock index containing firms "that could benefit from key Republican policies", such as those in oil. In the past decade the share prices of these companies have comfortably beaten the market.
...
There are more Buddy Garritys today. In 2024, 47% of Americans reporting annual incomes above $1m lived in Trump-voting states, up from 43% in 2014. Incomes among poorer folk are rising, too. Population growth is strong.
...
Republican states including Florida and Texas are still enticing internal migrants. And with local consumer confidence strong, expect spending in MAGA-land to hold up better than in Democratic-leaning areas.
From Ed Morrissey at Hot Air, the rabidly left/globalist Economist frets about the brain drain away from blue states and cities.
These trends play out across America. Along with Kai Wu of Sparkline Capital, a fund manager, we assembled 30 listed firms that are seen favourably by Republicans or Democrats, based on surveys. The process was inevitably arbitrary: there is no single poll that covers all companies. In the end, the Republican basket included firms such as John Deere, Fox and Harley-Davidson, whereas the Democratic one featured Etsy, Lululemon, Lyft and more. The recent market turmoil hit the Republican basket hard. But in the past decade its shareholder returns, including dividends, have thrashed the blue basket (see chart 3).
Why do MAGA companies seem to outperform? Maybe they eschew virtue-signalling. Point Bridge America First, an exchange-traded fund that uses the stock ticker MAGA, only includes firms that support Republicans. The Democratic Large-Cap Core Fund, with the stock ticker DEMZ, invests in companies that make big donations to the Democrats. Since the end of 2020 MAGA's price has easily outperformed DEMZ. Goldman Sachs, a bank, has built a stock index containing firms "that could benefit from key Republican policies", such as those in oil. In the past decade the share prices of these companies have comfortably beaten the market.
...
There are more Buddy Garritys today. In 2024, 47% of Americans reporting annual incomes above $1m lived in Trump-voting states, up from 43% in 2014. Incomes among poorer folk are rising, too. Population growth is strong.
...
Republican states including Florida and Texas are still enticing internal migrants. And with local consumer confidence strong, expect spending in MAGA-land to hold up better than in Democratic-leaning areas.
