By Adam Hamilton – Re-Blogged From http://www.Gold-Eagle.com
With 2016’s contentious US presidential election just days away now, traders are still trying to game the outcome of this tightening race. With a Hillary Clinton victory long priced in, the mounting odds Donald Trump will prevail have big implications for major markets. One critical place traders should look for clues to how Americans will vote is the stock markets. Recent stock performance really sways election results.
This assertion certainly sounds dubious. When Americans are asked what the most-important issues for determining their votes are, the stock markets wouldn’t even make the list. But interestingly a recent Pew Research poll found that the economy was the number-one issue in this election. 90% of Trump supporters, 80% of Clinton supporters, and 84% of all registered voters rated the economy at the very top.
That beat out terrorism as very important to 80% of all voters, foreign policy at 75%, health care at 74%, gun policy at 72%, and immigration at 70%. Nothing is more important to Americans than the economy. The state of it greatly affects our abilities to earn healthy incomes to support our families, our states of well-being, and our hopes for higher standards of living in the future. Americans have long voted with their wallets.