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The correlation record of the S&P 500 index trend with the election results indicates that Harris may win the election.
BlockBeats news, on November 4th, historical data shows that when the S&P 500 Index (SPX) rises in the three months before the election, the incumbent party candidate has an 80% chance of winning. Conversely, when the S&P 500 Index falls in the three months before the election, the probability of the candidate from the other party winning is 89%. It is reported that this has been a very accurate signal in every election since 1928. Commentators say that if the S&P 500 Index does not erase its 8% gain since August in one day, Harris is very likely to win. At the same time, interviewed market experts also pointed out that the current market and political situation are very unique, leading to a greater likelihood that this election will be an exception to the historical experience mentioned above. (Jin10)