Stock Market Trends Hint at Harris Advantage in Tight U.S. Election
As the S&P 500 shows significant gains, historical patterns suggest a potential edge for the incumbent party in the upcoming presidential race.
- The S&P 500 has increased by over 12% since early August, a trend historically favoring the incumbent party in U.S. elections.
- Since 1928, the S&P 500 has predicted the winner in 20 out of 24 elections, with rising markets often signaling a win for the current administration.
- Despite strong market performance, a majority of voters still perceive the economy negatively due to persistent inflation and high living costs.
- Experts warn of potential market volatility due to political instability and possible legal battles if the election results are contested.
- Public sentiment shows growing confidence in Democrats' economic management, challenging Trump's previous economic advantage.