Harris Vs. Trump: Expert Says S&P 500 Trends Could Predict 2024 Presidential Election Outcome
Portfolio Pulse from Benzinga Neuro
The S&P 500's performance in the three months leading up to the U.S. Presidential election is a strong predictor of the election outcome, with an 83% success rate since 1928. Currently, the S&P 500 is down 0.5%, hinting at a potential Republican win. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust (QQQ) are both trading lower.
August 09, 2024 | 1:00 pm
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NEGATIVE IMPACT
The Invesco QQQ Trust (QQQ) is trading 0.48% lower, indicating a broader market downtrend that could influence the upcoming Presidential election outcome.
The QQQ ETF, which tracks the Nasdaq-100, is also down, indicating a broader market downtrend. This could influence investor sentiment and the election outcome.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) is trading 0.34% lower, reflecting the current downtrend in the S&P 500, which could hint at a potential Republican win in the upcoming election.
The SPY ETF tracks the S&P 500, which is currently down 0.5%. This decline is significant as it could predict a Republican win in the upcoming election, impacting investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100