Wall Street is becoming increasingly convinced former President Trump will emerge the victor from next week's long-anticipated election. Trump Media & Technology Group shares continue to surge, making a comeback from a low in September, but what other signs point to that conclusion?
Research chief investment strategist Sam Stovall weighed in on Tuesday, telling FOX Business' Charles Payne the feel of this election cycle is abnormal, reminiscent of another tumultuous time when the challenger prevailed over the incumbent. "It does , because we're up more than 5% since July 31st and, whenever the market has been higher in that three-month period – July 31 through October 31– the incumbent person or party has been reelected 82% of the time," he surmised.
larger majority believed the market would either stay the same, slow, or turn into losses if Harris wins, however. With less than one week left until voters head to the polls to make their final decisions, former President Trump and Vice President Harris are deadlocked in the polls, with the winner expected to walk away with a razor-thin victory.