S&P 500 Index Trend Shows Correlation with Election Results, Signaling Harris or to Win Presidency

BlockBeats News, November 4th, historical data shows that when the S&P 500 Index (SPX) has risen in the three months leading up to the election, the incumbent party candidate has an 80% chance of winning. Conversely, when the S&P 500 Index has fallen in the three months before the election, there is an 89% chance of the candidate from the other party winning.

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 an 8% gain since August in a single day, Harris is very likely to win.

At the same time, interviewed market experts also pointed out that the current market and political landscape are both very unique, making this election more likely to be an exception to the historical experience mentioned above. (Jin10)