This is not a forecast of the 2020 US Presidential election. It's a demonstration of how politics can affect the near-term course of a market.
By 1972 US involvement in the Vietnam war had dragged on for years. There were negotiations underway to end the war - nothing was being accomplished.
On October 26, 1972 National Security Advisor Henry Kissinger announced that he had been conducting secret negotiations separate from the public negotiations, and he believed "Peace was at hand" - this was twelve days before the US presidential election. The result - DJI rallied, and US president Nixon was re-elected in a with a 49 state landslide and 60% of the votes.
Forward to 2020, US President Trump has initiated a program to find a vaccine for the Coronavirus before the end of the year. In his recent acceptance speech of the Republican Presidential nomination he reiterated the goal and also said the vaccine could come sooner than the end of the year.
There could be an announcement of "vaccine at hand" sometime between October 15 to October 22, 2020, if so, there's a high probability US stocks could continue to rise until at least early 2021.
Mark
By 1972 US involvement in the Vietnam war had dragged on for years. There were negotiations underway to end the war - nothing was being accomplished.
On October 26, 1972 National Security Advisor Henry Kissinger announced that he had been conducting secret negotiations separate from the public negotiations, and he believed "Peace was at hand" - this was twelve days before the US presidential election. The result - DJI rallied, and US president Nixon was re-elected in a with a 49 state landslide and 60% of the votes.
Forward to 2020, US President Trump has initiated a program to find a vaccine for the Coronavirus before the end of the year. In his recent acceptance speech of the Republican Presidential nomination he reiterated the goal and also said the vaccine could come sooner than the end of the year.
There could be an announcement of "vaccine at hand" sometime between October 15 to October 22, 2020, if so, there's a high probability US stocks could continue to rise until at least early 2021.
Mark