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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMore bad news for trump. Stocks did way better under Obama
https://apple.news/A_eGXJ5kqTJGBVR2lZyo5LQReally nothing new, but its one more article that will upset dotard.
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More bad news for trump. Stocks did way better under Obama (Original Post)
captain queeg
Nov 2020
OP
Blue Owl
(49,913 posts)1. K&R
Stallion
(6,473 posts)2. ....and under Bill Clinton
in fact you can go back 100 years and the Stock Market has done about twice as much better under the Democratic Party
progree
(10,864 posts)3. S&P 500 down between July 31 and Oct 31 -- a predictor that indicates a Biden win
https://www.cnn.com/2020/11/01/investing/stock-market-joe-biden-donald-trump-election/index.html
Anyway, I found it interesting that the market's been down over the last 3 months, if only slightly.
The stock market has made its prediction about who will win the election, CNN, 11/1/20
The presidential election is just two days away and the stock market has locked-in its prediction, according to one indicator.
The S&P 500 (SPX) fell 0.04% between July 31 and October 31. That means the market forecasts -- by a hair -- that Joe Biden will win, according to CFRA Research's Presidential Predictor.
The stock market has a fairly reliable track record: Since World War II, when the S&P 500 fell in the three months leading up to the November vote during a presidential election year, the incumbent president or party of the outgoing president has lost the election 88% of the time.
Similarly, when the S&P 500 rises during that period, the incumbent or party of the outgoing president has won 82% of the time.
The stock market had been predicting a Trump victory until Friday, when the S&P 500 tumbled 1.2%. That was just enough to send stocks negative over the past three months, giving the razor-thin edge to Biden.
The presidential election is just two days away and the stock market has locked-in its prediction, according to one indicator.
The S&P 500 (SPX) fell 0.04% between July 31 and October 31. That means the market forecasts -- by a hair -- that Joe Biden will win, according to CFRA Research's Presidential Predictor.
The stock market has a fairly reliable track record: Since World War II, when the S&P 500 fell in the three months leading up to the November vote during a presidential election year, the incumbent president or party of the outgoing president has lost the election 88% of the time.
Similarly, when the S&P 500 rises during that period, the incumbent or party of the outgoing president has won 82% of the time.
The stock market had been predicting a Trump victory until Friday, when the S&P 500 tumbled 1.2%. That was just enough to send stocks negative over the past three months, giving the razor-thin edge to Biden.
Anyway, I found it interesting that the market's been down over the last 3 months, if only slightly.