History Says the Stock Market Could Soar if Donald Trump Is Elected President. Here's What Investors Should Know
We are six months from the 2024 presidential election. Neither political party has selected an official candidate, nor will they until hosting their national conventions this summer. But Donald Trump and Joe Biden have secured enough delegates to win the nominations.
To that point, history says the S&P 500 (SNPINDEX: ^GSPC) could soar if Donald Trump is elected president in November. However, before I discuss the stock market's historical performance, I want to make something clear. The stock market and the economy are impacted to varying degrees by presidential policies and appointments, but neither one is controlled by a single individual.
To that end, investing (or not investing) because a specific political party controls the White House would be a mistake. Analysts at Goldman Sachs recently shared the following insight:
Source Fool.com
