Election Us Stock Market, Dow Rockets Past 24 000 Building On Incredible Post Election Surge
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The first presidential debate of 2020 didnt exactly scream peaceful transfer of power.
Election vector png. 8 2016 stocks as measured by the sp 500 appreciated 1533. 6 2020 0927 am. Markets collective wisdom is often dead wrong 1 nov 2020 0946am ist and yet for some investing veterans theres a nagging concern that this view is a little optimistic that some of the things that have made biden an attractive candidate for voters craving change could make for a rougher ride in markets.
It may take months to decide election stock market analysts say. As of market close on august 17 th 2020 the sp 500 was up 468 year to date total return and bloomberg barclays us. Historical returns of stocks and bonds during election years.
The us is set to go to election on november 3 and millions of americans have already cast their votes to choose a new president. Since 1928 the stock market has forecast the winner of the election 87 of the time including every one since 1984 according to lpl financial. With the assistance of data from the last ten us presidential elections history reveals the stock market more specifically the us benchmark dow jones index typically rises on average.
A woman rides past the new york stock exchange nyse on july 13 2020 at wall street in new york city. The stock market has provided a key indication of who is going to win the us presidential election 2020. President donald trump has a very good chance of winning the 2020 presidential election against joe biden if a more than 200 year overview of the stock market is to be believed.
So much for my friends feared obama administration sell off. The stock market will soar regardless of who wins the us election and one trade in particular will thrive says fundstrats tom lee matthew fox oct. The contest is between joe biden and incumbent president donald.
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