In a nail-biter finish that went down to the last few minutes of the last day, one of the stock market's most reliable election indicators just signaled its prediction for who will win the 2020 presidential election: By just six-tenths of a percentage point, it'sThe so-called Presidential Predictor, which is based on how the S&P 500 performs in the final three months before an election, has correctly called 20 out of the last 23 presidential winners, for an 87 percent accuracy rate,...
The way the indicator works is simple: If stocks, as measured by the S&P, move higher in the three full months before a presidential election, the incumbent party tends to stay in office. If stock prices instead fall from August through October, the party that's been out of office typically wins.
In other words, says Stovall, take the indicator with a grain of salt and know it can be wrong, especially in times of great turmoil."It's a good guide, not gospel," he says. This year too, it's noteworthy that the indicator didn't signal a Biden victory until the very end of the three-month period. Up until this week's market rout—Wall Street's worst week since the beginning of the pandemic in March—the Presidential Predictor seemed to point towinning a second term. And the finish was closer than any time since at least 1944; if the S&P had closed just a couple of points higher, Trump would have been signaled the winner.
When is the last time Newsweek was right about such things?
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Why does the article itself directly contradict the headline? 'Wall Street watchers caution, though, that the three times the indicator has failed in the past were during periods of great geopolitical unrest—a description that certainly fits the COVID-19 global pandemic.'
PipsToDollars For the country's sake I hope not.
Biden Isn’t My Hope (JESUS Is) But I Believe All Americans Have A Better And Equal Chance With Him As President!
Sounds good, now get out there and VOTE Protect yourself and make your voice heard.
RandyRainbow make it trend and retweet and beat the OrangeSuperSpreader in ratings it will piss him off!
NOT CORRECT. The indicators are rallies. Despite the twisted unfactual and outright lying with polls, action versus words. They were wrong in the Clinton versus Trump. It will take more than 40-45 million fake votes to aid Biden/Harris win Why is a lost cause.
' This generation ought to have worshipped The LORD from the bottom of their hearts according to the order of the Bible in Revelation 4 ExpressFridayVigil
'You need to prioritize the preparation for the coming of THE MESSIAH in your life. Be Alert and On Guard because You do Not Know The Day or The Hour Of THE COMING OF THE MESSIAH. ExpressFridayVigil