This work examines the presence of a partisan effect in the US markets over different presidential periods. The analysis is based on the computation of the fractal scaling dynamics of the Dow Jones Industrial Average by means of the detrended fluctuation analysis. The results indicated the...

In a recent study, Liano, Liano and Manakyan (1999) conclude that the pattern of day‐of‐the‐week effects in stock indices differs between Democratic administrations and Republican administrations. Specifically, the weekend effect is more pronounced during Republican administrations. This...