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April 2024 - Monthly Review

The Election Crisis of 1876? 2024?

Munis are not always party affiliated. Historically, performance is not always based on which party wins. Munis react more on the uncertainties of which economic or social programs could or could not be implemented. 2024 is election year and is sizing up to be quite the “event”. With the “personalities” involved, the polarization of the nation, the current state of society and the lack of functionality in DC, could this be the ugliest election in US history? MainLine thinks this is a good time to review the most contentious presidential election ever: ”The Election 1876 – The Centennial Crisis”.


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Expert Insight About The Municipal Bond Market

Our team of investment professionals are active in the market daily. Our blog includes posts with valuable insight and commentary about critical municipal finance topics and expert interpretation of how current economic factors may affect the municipal bond market.


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About The Author

Mike Maciolek, CFA, is a Senior Vice President at MainLine West and a member of the investment team for individually managed client accounts and our family of Tax Advantaged Opportunity Funds. Prior to his current role, he was a portfolio manager for First Data Corporation. Mike directed a set of municipal bond portfolios approaching $12 billion in market value, and $7 billion in interest rate derivatives, applying his expertise to meet the various objectives of the portfolios. He began his 30 year career in New York City as an analyst with management responsibilities for $2 billion in tax-exempt money market funds for Oppenheimer Funds.

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