Can the stock market predict presidential election results?
“In our case, the stock market, which used to be a measure of the economy, has become a policy target. As a result, it has lost its value as a measure of the real world.” – Vincent Deluard, StoneX, head of global macro strategy
USAGOLD note: This article is about the stock market as a predictor of presidential election outcomes, and it goes to great lengths to disavow its utility in that regard. The best part of the article, though, is not the conclusions it draws but the very perceptive quote from Deluard above. It raises questions that go far beyond the stock market’s value as an election predictor.
Repost from 9-2-2020