Why Wall Street points to a Trump win: Stock market history says Republicans are on course to victory, expert claims Read more: http://www.dailymail.co.uk/news/article-3893768/Why-Wall-Street-points-Trump-win-Stock-market-history-says-Democrats-course-victory-expert-claims.html#ixzz4OxdtlBEr
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Wall Street seems to be calling a win for Donald Trump.
The S&P 500 has fallen 2.2 per cent over the last three months. Historically, a decline in stock prices has forecast a win for the challenger candidate.
The index has called it correctly in seven of the eight past elections, so the fall in stock prices is a bad omen for Hillary Clinton, Sam Stovall, chief investment strategist at CFRA, told CNBC.
'Going back to World War II, the S&P 500 performance between July 31 and October 31 has accurately predicted a challenger victory 86 percent of the time when the stock market performance has been negative,' he said.