Monday, October 31, 2016

This stock market metric says the likely winner is...Trump

The stock market's election year performance between July 31 and Oct. 31 has often accurately predicted the next president — and this year it'spointing to a victory by Donald Trump, if history is a guide.

Sam Stovall, chief investment strategist at CFRA, says the market's decline this fall has been a bad omen for the incumbent party and Hillary Clinton, who still holds a six point national lead in a new poll. The S&P 500 is down 2.2 percent since its close of 2,173 on July 29, a Friday and the last trading day of July .... http://www.cnbc.com