4️⃣ What Empirical Research Shows (Not Opinions)
Your supplied studies reveal a dual reality:
Negative Findings (1997–2017)
-
GARCH-based models show statistically significant negative effects
-
Investors priced in:
-
Tax hikes
-
Spending cuts
-
Growth suppression
-
Positive Findings (2015–2022)
-
Strong announcement-driven rallies
-
Confidence effects dominated fundamentals
-
Outcomes depended on:
if ( function_exists( 'pgntn_display_pagination' ) ) pgntn_display_pagination( 'multipage' );
