economics: The S&P 500 index has loosely tracked Clinton odds of victory in the Nov. 8 election all year, as Capital Economics illustrates in the charts below: Capital Economics Caption outside of wrapper for normal article images Capital Economics Caption outside of wrapper for normal article images That correlation tightened after FBI Director James Comey informed Congress that the bureau would reopen its probe into Clinton use of an unauthorized private email server during her tenure as Secretary of State, according to Market Watch. Since then, Clinton once-sizable lead has narrowed significantly: On Friday, she held a 1.7 percentage point lead over her Republican rival, Donald Trump, according to the Real Clear Politics polling average — down from more than seven percentage points two weeks ago. But a team led by Paul Ashworth, chief U.S. economist at Capital Economics, warns that no matter who wins on Tuesday, lingering questions about the policies of the next administration could still hurt stocks. Clinton sagging poll numbers helped inspire the selling that drove the S&P 500 SPX, -0.17% to its longest losing streak since October 2008. But even though Wall Street views Clinton as the stability candidate, a Clinton win won't necessarily be a panacea for markets. Shares were on track Friday to break that streak after Friday jobs report.
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Tagged under economics, percentage point topics.