Smart Money -- 87% Chance of a Kamala Win??? Here's How to Prepare... (investorplace.com)

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Was wondering what I should do about my 401K/TSP accounts. Found this article very interesting…

Don’t Let Crowd Behavior Kill Your Portfolio

5h ago · By Eric Fry, Editor, Fry's Investment Report

https://investorplace.com/smartmoney/2024/11/87-chance-kamala-win-how-to-prepare/?

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This from Kiplinger…

In the 23 presidential elections since 1928, 14 were preceded by [stock market] gains in the three months prior. In 12 of those 14 instances, the incumbent (or the incumbent party) won the White House. In eight of nine elections preceded by three months of stock market losses, incumbents were sent packing.

That’s an 87% accuracy rate.

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The benchmark U.S. stock market index, the S&P 500, is up about 7% since the start of July. The Dow Jones Industrial Average and the Nasdaq Composite are also showing gains over that time.

If history is any guide, Harris, not Trump, is likely to be the next president of the United States.

And that’s not the only indicator pointing to a Harris win.

Since 1932, the incumbent party has always won reelection unless a recession occurred during the current term (in this case, President Joe Biden’s term).

And right now, no matter how folks may be feeling about the U.S. economy, it’s not in recession.

Data released yesterday shows the economy grew at an annualized rate of 2.8% in the recent quarter. That’s less than forecast… but it’s nowhere near recession levels.

**snip**