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US election countdown as stock market predicts win for Joe Biden – 7NEWS.com.au
The stock market has locked in its prediction, according to one indicator – and it’s been right 88 per cent of the time.
The presidential election is just hours away and the stock market has locked-in its prediction, according to one indicator.
The S&P 500 (SPX) fell 0.04 per cent between July 31 and October 31. That means the market forecasts – by a hair – that Joe Biden will win, according to CFRA Researchs Presidential Predictor.
The stock market has a fairly reliable track record: Since World War II, when the S&P 500 fell in the three months leading up to the November vote during a presidential election year,…
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