Want to know who will win the US election? Take a look at the stock market
Al Jazeera
The S&P 500 has a strong track record of predicting the winner of US elections, but old rulebooks may no longer apply.
Want to know who will win the United States presidential election? Take a look at the stock market.
Of course, there is no crystal ball to tell us who will prevail on November 5.
The polls, as much as they can be trusted, show Vice President Kamala Harris and former President Donald Trump running neck and neck in what many observers believe could be the closest election in decades.
Even so, the performance of US stocks has an uncanny track record of predicting the outcome of presidential elections.
Since 1928, the S&P 500 – which tracks the performance of 500 of the largest firms listed in the US – has pointed to the winner in 20 out of 24 elections, according to an analysis by financial services company LPL Financial.
