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History has taught us to pay attention to the last three months prior to election day as a potential sign of things to come.
Whenever the S&P 500 has been higher in the three months leading up to election day, the incumbent candidate won in 20 out of 23 elections.
We don't yet know how much the economic shutdown has really hurt businesses, and we still don't understand the magnitude of unemployment in this country and how that will affect supply, demand, economic growth and consumption.