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Stock market behavior in the three months before US presidential elections has correctly predicted the winner since World War II with only one exception. And if the trend continues, Donald Trump will become the next US President.
Historically, when the American stock market slips in the period from July 31 to October 31, the ruling party loses the election.
"Going back to World War II, the S&P 500 performance between July 31 and Oct. 31 has accurately predicted a challenger victory 86 percent of the time when the stock market performance has been negative,” said Sam Stovall, chief investment strategist at CFRA in an interview with CNBC.
Read More: https://www.rt.com/business/364964-stock-markets-trump-win/
Stock market behavior in the three months before US presidential elections has correctly predicted the winner since World War II with only one exception. And if the trend continues, Donald Trump will become the next US President.
Historically, when the American stock market slips in the period from July 31 to October 31, the ruling party loses the election.
"Going back to World War II, the S&P 500 performance between July 31 and Oct. 31 has accurately predicted a challenger victory 86 percent of the time when the stock market performance has been negative,” said Sam Stovall, chief investment strategist at CFRA in an interview with CNBC.
Read More: https://www.rt.com/business/364964-stock-markets-trump-win/