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History suggests a President Trump victory on Election Day would be the best outcome for the stock market. Since 1950, the benchmark S&P 500 has gained 9.6%, on average, in the year following a president winning reelection, according to an analysis from LPL Financial. The index has risen 71% of the time. On the other hand, the S&P 500 has averaged a 4.8% gain if the incumbent loses while climbing 50% of the time. “Think about it—usually when a president wins reelection, it means the economy is going pretty strong, so stocks tend to do well,” wrote LPL Financial Chief Market Strategist Ryan Detrick. “The flip side is that new leadership in Washington can bring with it potential change that could rock the boat and hold stocks back.” Go to the link in our bio for more on this story.
Wednesday, October 28, 2020
Trump victory on Election Day would be the best outcome for the stock market
at 7:00 AM