The presidential election is on the horizon, and history shows it could have implications for the stock market from now until November 2024.
The index fell 10% for calendar year 2000, according to Dow Jones Market Data, as markets anticipated a recession in the early 2000s. In calendar year 2008, the S&P 500 dropped 39% heading into the 2007-09 recession. While the 2024 presidential campaign is still heating up, the economy already appears to be a concern for voters.
And in a recent CBS News poll, 18% of likely voters said they would be financially better off if Biden wins, while 45% said they would be financially better off if Trump wins.
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