The home stretch of the U.S. presidential race is usually a positive one for U.S. stocks, but bulls will have to dig themselves out of a hole following Monday’s tumble in order to score a win in the eight-day runup to Election Day.
The two declines came in 1988 , ahead of George H.W. Bush’s victory over Democratic nominee Michael Dukakis, and 1968 ahead of Richard Nixon’s victory over Democratic nominee Hubert Humphrey. Investors across asset classes, meanwhile, were until recently jittery about Election Day, with options markets reflecting the fear of increased volatility in the days and weeks after Nov. 3 in the event of an unclear or contested election outcome.
Covid suddenly spreading all over the world certainly isn’t helping !!!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dunkin’ Brands, Hasbro, Apple: What to Watch When the Stock Market Opens TodayS&P 500 futures are falling as coronavirus cases surge in the U.S. and Europe, while stimulus hopes fade. I know melburnians are excited but this is a bit bullish migga Please help! Please retweet/share! 8-months-old baby Joshua is battling acute lymphocytic leukemia, a type of blood cancer. His life is dependent on chemotherapy & a stem cell transplant. Help Joshua's family in offsetting the cost of his treatment here: bottom middle
Source: WSJ - 🏆 98. / 63 Read more »
U.S. stock market braces for rocky week ahead of contentious U.S. electionWall Street faces a rocky run-up to Election Day, with mounting worries about the outcome in Washington adding to nerves about the coronavirus pandemic and fading chances of stimulus. A fall is inevitable. People must be shitting themselves Biden’s Socialism will wreck the already fragile US economy. A rocky stock market you say? Man, I've got no idea what that feels like...
Source: Reuters - 🏆 2. / 97 Read more »
A look at stock market history around elections and whether politics really matterEd Clissold, Chief U.S. Strategist for Ned Davis Research, breaks down the history of election's impact on markets. the last 2 times we changed president, the markets moved more than 20% the remainder of the year. (down for Obama, and up for Trump) Here's a graph showing an instantaneous market reaction to an election: Ok now compare to the last time trillions in central bank money has been unleashed leading into an election.....and mix in a pandemic, and mass unemployment just for fun. 'But this time is different'
Source: CNBC - 🏆 12. / 72 Read more »
Stocks have their worst day in a month as virus cases surgeThe stock market had its worst day in a month as virus cases surge and help for the economy from Washington remains nowhere in sight. Meanwhile, realDonaldTrump calls the media “losers” for reporting on Covid related news. VOTE 📈📉📊 Finally, Wall Street is catching up to the pain on the Main Street.
Source: ABC - 🏆 471. / 51 Read more »