History Signals U.S. Stocks May Extend Post-Election Surge

(Bloomberg) — History suggests the post-election day rally in U.S. stocks bodes well for further gains over the next three months.The S&P 500 Index jumped 2.2% on Wednesday, its best performance the day after a U.S. presidential vote in data going back to 1932, according to Sundial Capital Research Inc. The benchmark’s median gain over the following three months has been 4.4%, its analysis shows.“A good initial reaction following the election has been a very good sign,” Sundial president Jason Goepfert wrote in a note, adding this was the first time the S&P 500 rose over 1.5% on both the …read more

Source:: Yahoo Finance


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