3.7.24 Who Do Markets Want to Win the Election?
Election season is in full swing as Super Tuesday solidifies another Biden and Trump rematch this November. President Biden won all 15 states and the Iowa caucuses, while former President Trump won in 14 of 15 states, prompting Nikki Haley to end her election bid.
Under the premise the market hates uncertainty, the lack of any surprises into the primaries and little doubt over who will be on the ballot this fall have been among many catalysts driving U.S. equity markets higher this year. Coming into Super Tuesday, the S&P 500 was up over 7% and history suggests this could be a good sign for President Biden’s chance of r
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