The stock market’s performance won’t definitively determine who wins the White House, especially in a year as unpredictable as 2020. History, however, shows the incumbent has a clear advantage when the market rallies in the months preceding Election Day.
Going back to 1928, incumbent presidents, or candidates from the controlling party, have won nearly 90% of elections when the S&P 500 is positive in the previous three months, according to brokerage firm BTIG. “That is about as close to unequivocal as you are ever going to get,” said BTIG analyst Julian Emanuel, who researched the history.
August kicked off the period with big gains. The S&P 500 rose 7% last month, its best August since 1986, while capping the strongest five-month run since 1938. That sounds like a bullish sign for a sitting president, especially one who enjoys tweeting about the stock market’s rallies. But the big market selloff Thursday and modest decline Friday highlight how distant last month’s performance might seem to investors if the coming months end up being as volatile as many expect.
Today’s market correction is a further reflection of our dismal duopoly’s detachment from American economic realities.
He's the president you anti American rag
The stock market used to be connected to the economy. Now it’s connected to the Federal Reserve
Sure when the WH uses relief money to prop it up eh donni 😼
Not a during the Coronavirus as Trump’s lack of leadership made this continued for months.
Only when the market and economy are in sync.
That explains the 3 trillion buy.
It’s almost like the WSJ wants trump to win.
Things change. Other factors are at play. Wake the fuck up.
That's because you need to let the president get on with it. His polices and the stuff he does just does not happing overnight but they will happing so it's Trump 2020
We never had a dictator wannabe running, so lay down any precedents.
Maybe all those that oppose the president should start selling off all their positions. Liquidate your 401k now, let the market drop and buy back your holdings at a discount after the election.
Trump has been assisted enormously by the Fed pumping trillions into the markets in the form of corporate bond purchases and interest rate cuts. Essentially, socialism for the rich.
“Waste no more time arguing about what a good man should be. Be one.” ― Marcus Aurelius
Unless it’s being manipulated from like - I don’t know THE TREASURY SECRETARY
People in the comments are clueless. I am very worried that Dotard is gonna win. Every democrat needs to work like Biden is 10 points behind.
Well then buy. Because Mnuchin will pull out the big guns...
Hollywood endorsements, mainstream media support a guy that has been in Washington politics for nearly half a century - really? - we’ll receive, yet repackaged “scratch my back good old boy corruption” - economy will crash
You can’t compare the past to what’s going on now. It’s a different world because we have an Idiot in the WH instead of a President.
Specially this year, How much FREE MONEY Federal reserve pumped to Big boys using this money to speculated/manipulate stock prices middle of the pandemic & excessive unemployment. Stock market not a reflection of the Economy while rich getting richer.
Not this year; nothing empirical holds any water in 2020.
Stock Market is NOT the economy😣
Isn't 90% of the stock market owned by 10% of America?
What if it’s rallying because it thinks said president is about to lose?
Ummm😭😭😭
No it’s not cuz the stock market is not the economy which sucks and in a deep recession since February
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