President Ken Kaisch began today’s meeting with his opening statement. “We have a highly contentious presidential election next week; Covid infections are increasing around the world; we have wild fires raging here in Orange County; I have been evacuated from my home since Monday; sleeping at the office on my shrink’s couch and all this doom and gloom seems to be haunting everyone. Catastrophic events are few and far between, but who benefits? No one. Yet, nothing is as bad as it seems nor is it as good as it seems. Fortunately, we have each other and love which is the invisible force that keeps us going. Real love is as good as it seems”.

	Fellowship Lunch at Cedar Creek

Dick Mathewson led us with the pledge today and Christian Esteban gave the invocation. Allyn Lean was today’s Recognition Master. Given the Dodgers just won the world series, Allyn tried to stump several baseball fans in the club with Dodger trivia. Allyn managed to stump Dan Kiernan, Rick Crane and Jeff Hutchison, but it was Bill Kincaid and Frank Kawase that had the answers. Ken Kaisch then fined Allyn Lean $25 because he did not give out any fines today.

Announcements: Dan Ouweleen provide information regarding an upcoming 4-day Rotary event, “Leaders Innovating and Growing Rotary” that will be held virtually this year. Ken Kaisch also encouraged everyone to attend this worthwhile event. Please contact Dan if you would like more information. Thad Sanford advised us that Bob Muschek IS NOT MOVING to Colorado Springs and will be back for our next meeting.

Jim Ripley introduced today’s speaker, Tyler Furek, relationship manager with the Capital Group, one of the largest global asset management firms that was established back in 1932. Tyler provided us with a historical perspective of stock market returns during both Democratic and Republican administrations going back to 1932 as well as how markets could be affected based upon the various potential outcomes from next week’s election. Bottom line, the average returns during Democratic and Republican control of the White House is a statistical tie with both administrations averaging stock market returns of 10.6% during their respective tenures going back to 1932 all the way to the Obama administration. Jim Ripley offered to provide everyone with copies of today’s presentation if you email him your request.

Ken Kaisch thanked Tyler for a great presentation and promised to send him our speaker’s gift, a can of nuts as soon as he can return to his home. Ken ended today’s meeting with a quote from Winston Churchill: “Americans will always do the right thing, only after they have tried everything else”. With that, the meeting was adjourned.

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10/28/2020 * MARKET BEHAVIOR IN ELECTION YEARS
Tyler Furek / Capital Group