Presidential Elections and S&P 500 Futures, from Steve Ellison
There have only been 8 US presidential elections in the history of S&P 500 futures. In 7 of the 8 instances, the S&P 500 had a net gain in the 10 trading days ending on Election Day. With 8 of the 10 days complete this year, the net change of the S&P 500 is -58.
The S&P 500 declined on the day after Election Day in 6 of the 8 instances with an average loss of 11 points or 1.1%.
10 days ending Net change Day after election Net change
11/6/1984 1.30 0.8% 11/7/1984 -2.80 -1.6%
11/8/1988 -9.00 -3.2% 11/9/1988 -1.00 -0.4%
11/3/1992 4.20 1.0% 11/4/1992 -3.65 -0.9%
11/5/1996 6.30 0.9% 11/6/1996 14.00 2.0%
11/7/2000 41.00 2.9% 11/8/2000 -30.70 -2.1%
11/2/2004 27.10 2.5% 11/3/2004 14.50 1.3%
11/4/2008 43.90 4.6% 11/5/2008 -45.20 -4.5%
11/6/2012 18.40 1.3% 11/7/2012 -36.10 -2.5%
Comments
Anonymous on November 18, 2016 7:02 pm
count that as useless