Curious about who will win the upcoming United States presidential election? Look no further than the stock market for a possible clue.
While there is no surefire way to predict the outcome of the election on November 5, historical data shows that the performance of US stocks can be a reliable indicator.
According to a study by financial services company LPL Financial, since 1928, the S&P 500 has correctly pointed to the winner in 20 out of 24 elections. When US stocks were up in the months leading up to the election, the incumbent party usually retained the White House.
As of now, with the S&P 500 up by 11.8% since August, the trend seems to favor Vice President Kamala Harris. However, voter sentiment about the economy remains mixed, despite strong economic indicators.
It’s important to note that the stock market’s predictive powers are not foolproof, especially in today’s unpredictable political landscape. The unexpected outcomes of recent elections serve as a reminder that anything can happen.
Ultimately, while the stock market may offer some insight into the election outcome, it’s essential to consider multiple factors when making election predictions.