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Tribune News Service
Tribune News Service
Politics
Tribune News Service

Political news briefs

One poll that isn't going Clinton's way is the US stock market

NEW YORK _ Few institutions have a better track record calling presidential races than the U.S. stock market. At the moment, it's sending information that counts against Democrat Hillary Clinton.

The performance of the S&P 500 Index has signaled the outcome of every presidential election since 1984, according to an analysis by Strategas Research Partners LLC. A gain in the benchmark for American equity in the three months prior to the vote has seen the incumbent party win 86 percent of the time since 1928. Right now, the benchmark gauge is down 2.9 percent since Aug. 8 with just a week until the vote, a fact that in isolation augurs well for Donald Trump.

The reputation of markets in handicapping politics took a beating in June, when stocks around the world soared prior to the U.K. referendum only to fall the most in five years when voters chose to secede.

_ Bloomberg News

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