FYI: No president in modern history has followed the stock market more obsessively as a barometer of success than Donald Trump. You can see it in the dozens of tweets he’s sent referencing the Dow Jones Industrial Average, in the way every record is celebrated while lurches are pinned on the Democrats.
Turns out, he might actually be onto something.
While it’s long been accepted that prosperity influences elections, the role of the market itself in picking winners has started to get more attention in expert circles. A few keen observers noticed that in 2016, stock returns turned negative a few days before Hillary Clinton lost. That’s been a bad sign for incumbents for decades.
Now, new academic research finds that the market has a measurable influence on how people who own shares vote -- potentially a big one. The study, which compared electoral preferences with levels of dividend income, suggests that had stocks rallied instead of plunging in 2008, John McCain may have won key states like Florida and Ohio.
A look at the President's stock market tweets
Regards,
Ted
https://www.bloomberg.com//news/articles/2019-10-13/donald-trump-has-real-reasons-to-fixate-over-the-stock-market?srnd=markets-vp
