Stocks Could Rally Into Election Day If History Is a Guide

(Bloomberg) — U.S. Election Day is just over a week away and history says that’s good news for stocks.Over the last 30 years, the S&P 500 has rallied in the week before the presidential election, with one notable exception — 2016 — according to Miller Tabak strategist Matt Maley. The average return in the six instances since 1992 was 3.8%, he wrote in a note Saturday.“Although the stock market fell 1.9% over the seven days of trading in 2016, you have to go all the way back to 1988 to find another time when it didn’t rally over the last …read more

Source:: Yahoo Finance