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Stock Market Metric Predicts Trump Win

1-11-2016 < Red Ice Creations 114 158 words
 

Stock Market Metric Predicts Trump Win The stock market's election year performance between July 31 and Oct. 31 has often accurately predicted the next president — and this year it's pointing to a victory by Donald Trump, if history is a guide. Sam Stovall, chief investment strategist at CFRA, says the market's decline this fall has been a bad omen for the incumbent party and Hillary Clinton, who still holds a six point national lead in a new poll. The S&P 500 is down 2.2 percent since its close of 2,173 on July 29, a Friday and the last trading day of July. "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," he said. The one time in eight that the incumbent party won with a negative…
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