What one stock market gauge is predicting about the presidential race

  • 📰 CBSNews
  • ⏱ Reading Time:
  • 24 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 68%

Kamala Harris Nouvelles

Donald Trump

One market strategist notes a pattern based on whether the S&P 500 rises or falls between the end of July and Halloween.

If history is any guide, one stock market gauge suggests that Vice President Kamala Harris will defeat former President Donald Trump in the 2024 presidential race. In all but two elections since 1944, the party in the White House has retained power when the U.S.

'You can say there is sort of an overlap — the market usually goes up on an annual basis and voters tend to give the incumbent the benefit of the doubt, so it makes sense if the market goes up most of the time and the incumbent gets re-elected most of the time,' Stovall told CBS MoneyWatch.Even more reliable are periods when the stock market falls during the period from July 31 to October 31, in which case the incumbent has been replaced 89% of the time.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 87. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock market today: S&P 500 closes lower as spike in Treasury yields weighStock market today: S&P 500 closes lower as spike in Treasury yields weigh
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Stock Market Today: S&P 500 rides Nvidia-led tech surge to close higherStock Market Today: S&P 500 rides Nvidia-led tech surge to close higher
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Stock market today: S&P 500 closes higher ahead of fresh inflation dataStock market today: S&P 500 closes higher ahead of fresh inflation data
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Stock Market Today: S&P 500 slips as hot inflation report dents rate cut outlookStock Market Today: S&P 500 slips as hot inflation report dents rate cut outlook
La source: Investingcom - 🏆 450. / 53 Lire la suite »