That’s why Trump, who closely follows the stock market and obsessed over it as president, should be nervous about the recent trend on Wall Street.
If the market goes down, the incumbent party gets replaced,” Stovall told CNN in a phone interview Monday.
Market indicator was right in 2016 and 2020Vice President Kamala Harris should feel relieved the market has seen solid gains.
In 2016, the S&P 500 dipped 2.2% in the lead-up to Trump’s matchup with the Democratic nominee, Hillary Clinton.
Yet there’s another market indicator that offers a reason for hope for the Harris camp.
Persons:
Donald Trump’s, CFRA Research’s Sam Stovall, Trump, ” Stovall, ”, Stovall, Fannie Mae, Freddie Mac, Barack Obama, Kamala Harris, Dwight Eisenhower, Adlai Stevenson, Hillary Clinton, Clinton, Obama, Joe Biden, Hubert Humphrey, Richard Nixon, Harris, Humphrey, Jimmy Carter, Carter, “, Doug Ramsey, Dow, We’re, ” Ramsey
Organizations:
New, New York CNN, White, “, CNN, Lehman Brothers, AIG, Trump, Democratic, State, Democratic Party, Investment, Federal, Dow Jones
Locations:
New York, Chicago, Vietnam, Iran, Monday’s