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Can S&P 500 predict the US presidential candidate? 83% winning rate reveals He Jinli or defeating Trump.
The US presidential election is about to take place, and the Republican and Democratic parties are in a stalemate. Can the stock market predict the election result? According to data from LPL Financial, in the past 24 US presidential elections (1928-2020), the S&P 500 index accurately predicted 20 times, with an accuracy rate of 83.3%. In the current situation where the election is so close, the S&P 500 index may provide some clues for predicting who will be the next US president, according to Politico. However, many Wall Street practitioners are skeptical of the predictive ability of the S&P 500 index, and some analysts believe that the current stock market is more driven by Silicon Valley companies and does not represent the overall economy as in the past. Crypto analyst Crypto Rover also believes that it is worth following the trend of BTC after the US election.