This Global Week Ahead is totally dominated by the U.S. Presidential election.
In light of that Tuesday, Nov. 8th watershed event -- and related to how incredibly tired and bored I am with the nasty election tone -- I found Karin Lehnardt of Fact Retriever’s “47 Interesting Facts About the U.S. Presidential Election” worth sharing (in part).
Here are 12 facts I found most interesting (or funny!), and relevant to this U.S. election of 2016. I added in the women’s suffrage facts.
I kept these 12 U.S. Presidential election facts in tight chronological order.
(1) George Washington blew his entire campaign budget on 160 gallons of liquor to serve to potential voters.
(2) During the 1800 presidential campaign, Thomas Jefferson secretly hired a writer named James Callender to attack his opponent, John Adams, in print. Callender called Adams a “hermaphroditical character” who neither had the “force of a man” or the “gentleness of a woman.” Callender was later jailed for insurrection.
(3) In 1845, Congress decided that voting day would be the first Tuesday after the first Monday in November, which was after the fall harvest and before winter conditions made travel too difficult.
(4) It wasn’t until 1856 that Congress removed property ownership as a requirement to vote in elections.
(5) In 1870, Congress passed the 15th Amendment, which granted the right to vote to African Americans and other nonwhite men. However, an African American’s right to vote was often denied in the South and parts of the North until the 1960s.
(6) The first woman to run for U.S. President was Victoria Woodhull in 1872, nearly 50 years before the 19th Amendment allowed women to vote in presidential elections. Her running mate, Frederick Douglass, was the first African-American ever nominated for Vice President (Obama and Clinton have a clear 150-year old precedent!)
Over 200 women have run for President of the United States. However, this list includes nominees of many minor parties and candidates who ran for president before women won the right to vote in 1920.
(7) During the 1872 election, presidential incumbent Ulysses S. Grant ran against a corpse. His opponent -- Horace Greeley -- died before the election was finalized. Grant won the election.
(8) The first election to use a voting machine was in 1892. Though it was actually invented earlier, candidates initially opposed the idea because it eliminated the wheeling and dealing for votes over the phone.
(9) The first European country to introduce women's suffrage was the Grand Duchy of Finland in 1906. U.S. women won the vote in 1920 with the passage of the 19th Amendment.
(10) Congress gave Native Americans the right to vote in presidential elections in 1924. However, some states banned them from voting until the 1940s.
(11) American astronauts on the ISS (International Space Station) can vote in elections from orbit by secure email.
(12) The United States is ranked 139th out of 172 countries in voter participation.
Out here in California, the weary voter project is to get thru a 222-page General Election booklet. It holds the details on 17 Direct Democracy propositions. This is basically the result of a de facto 1-party state. We can’t elect the Republicans any more -- so we gin up a flood of propositions to send to the voters instead.
Top Zacks Rank Stocks—
(1) Valeo SA ADR (VLEEY - Free Report) has a Zacks VGM score of A to go along with its Zacks #1 (STRONG BUY) Rank. It is a $13 billion market cap auto/truck company. The company is headquartered in Paris, France.
Valeo has four business groups supplying products to the original equipment market and the aftermarket. The 4 Business Groups are: Powertrain Systems, Thermal Systems, Comfort and Driving Assistance Systems, and Visibility Systems.
(2) H Lundbeck AS (HLUYY - Free Report) has a Zacks VGM score of B, driven by a Zacks Growth score of A. It too has a short-term Zacks #1 Rank. This is a $7 billion market cap pharma stock. Pharma stocks are very beaten down stocks. This is a European company based in Copenhagen, Denmark.
H. Lundbeck products are targeted at disorders like depression and anxiety, schizophrenia, insomnia, Huntington's, epilepsies, Alzheimer's and Parkinson's diseases.
(3) Quanta Services (PWR - Free Report) has a Zacks VGM score of A, driven by an A for Zacks Growth, and a short-term Zacks #1 Rank. This is a $4.0 billion market cap engineering and R&D services firm.
Quanta is a leading provider of specialty electrical contracting and maintenance services primarily related to electric and telecommunications infrastructure in North America.
Key Global Macro Releases—
This week, the U.S. Presidential election on Tuesday is the main event. That 4-year term political event made all monthly and quarterly macro forecasts pale in comparison.
On Monday, Indonesia’s GDP growth came in at +5.0% y/y, exactly where the forecast had it.
The Eurozone’s Sentix indicator is expected to reach 13.1 from the prior 8.5 reading.
Chile saw +1.4% y/y GDP growth, lower than the +1.7% y/y forecast. Copper exports came in lower at 2,163 USD versus a prior 2,310.
On Tuesday, the U.S. Presidential Election happens.
Switzerland looks for a 3.4% unemployment rate.
Brazil’s key inflation rate looks to be 8.17%. The prior was 9.74%.
The EU’s Juncker speaks in Brussels.
The Fed’s Evans speaks in NYC.
On Wednesday, keep an eye out for China’s PPI. It should be up +0.1% y/y.
The European Commission releases the Autumn Economic Forecast.
Portugal’s unemployment rate is 10.8%.
Mexico’s bi-weekly CPI looks to be +3.16% annually. Nominal wages are expected to raise +4.4% y/y.
The Fed’s Kashkari speaks in Wisconsin.
On Thursday, the CPI in Greece looks to be -1.0% y/y, while the unemployment rate is 23.2%.
Brazil’s broad retail sales look down -8.8% y/y, versus a prior of -7.7%.
US initial claims should be extremely low at 255K.
The Fed’s Bullard speaks in St. Louis.
On Friday, the Bank of South Korea announces its latest interest rate decision. Given the political turmoil there, this country is worth watching closely.
The U.S. University of Michigan sentiment index should get to 89 from 87.2.
The Fed’s Williams speaks in San Francisco.