The stock market has a reliable track record of predicting whether an incumbent is likely to be voted out. Since World War II, there’s an 88 per cent likelihood the President will be voted out when the S&P has fallen in the three months leading up to the Presidential election, according to CNN.
“This year, the Predictor closed ever so slightly in the red during this three-month period, implying, but not guaranteeing, that Biden will emerge victorious,” Sam Stoval, the chief investment strategist from CFRA told CNN. The prediction matches other forecasts from Wall Street, including an analysis from Goldman Sachs which predicted a “blue wave” of support for Democrats, giving the Party control over the House of Representatives and the Senate.US President Donald Trump at a rally in Hickory, North Carolina. Picture: Michael Ciaglo/Getty Images/AFPA boy at Democratic presidential nominee Joe Biden’s rally in Philadelphia, Pennsylvania.
Biden has start of dementia...hope to God he does not win or America is stuffed
They’ll have egg on their faces come next week, as will the journalist’s at
2020 nothing is predictable
Trump has 8 more years as President, so I doubt this story.
It will drop by 90% if Voter Fraud get Biden in!
Stock markets, like polls can be manipulated to suit any purpose. When they are wrong, they are ridiculed as inconsistent - when correct they are lauded as better than sliced bread. They are just another form of legal gambling, which can suck gullible people in.
Afraid of Joe to win.
If they really thought Biden was going to win the drop would be larger. This is just some minor peemptive selling on the part of some more jumpy traders.
Yep vote for Biden and you will end up losing, losing 401k, losing jobs, losing homes, losing opportunities.......