Where could it go? Can you see it happening? What does history tell us?
The S&P closed on Friday down for the 9th straight day. Not a good run at all for the major market index. The fall from the most recent high to low was about 3.30%.
According to their data, the last six elections had gains, with the low being a +0.34% gain (Bill Clinton’s first term in 1992), and the largest being a +6.94% gain (Obama’s first term in 2008). Going back further, there has been only 2 times out of 22, when the stock market has not rallied the final week into an election.