Record correlation between S&P 500 and election results suggests Harris could win
historical data shows that when the S&P 500 Index (SPX) rises in the three months before an election, the incumbent party candidate has an 80% chance of winning. Conversely, when the S&P 500 Index falls in the three months before an election, the probability of the other party's candidate winning is 89%.
It is reported that this has been a very accurate signal in every election since 1928. Commentators say that if the S&P 500 Index does not erase the 8% gain since August in one day, Harris is likely to win.
At the same time, market experts interviewed also pointed out that the current market and political situation are very unique, leading to a greater possibility that this election will be an exception to the above historical experience.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Altcoins Near Key Support: A Generational Buy?
Altcoins are nearing a 1.5-year trendline support. Analysts expect a strong bounce backed by bullish RSI signals.Is This the Moment for Altcoin Investors?RSI Pattern Adds to the Bullish CaseWhat Should Traders Watch Next?
$60K or $78K? All Paths Lead to $125K Bitcoin
Analysts see BTC hitting $125K regardless of short-term dips to $78K, $72K, or even $60K.Short-Term Dips, Long-Term Gains for BitcoinKey Support Levels in PlaySentiment Remains Strong
Solana Plunges 60% Since January: What’s Going On?
Solana ($SOL) has dropped over 60% since mid-January. Here’s why it’s falling and what it could mean for investors.Solana’s 60% Drop Raises EyebrowsWhat’s Behind Solana’s Price Slump?Should You Be Worried About Solana?
Conor McGregor’s Token Fails, Devs Offer Refunds
Conor McGregor’s crypto token project didn’t meet its $1M goal. Devs now plan to refund all investors.McGregor’s Token Misses the MarkWhat Went Wrong With the McGregor Token?Developers Respond with Refunds
Trending news
MoreCrypto prices
More
