In Celebration of Grandparents Day, Don and Leslie shared their favorite memories of their grandparents and then also asked their sons as well ask their grandkids what their favorite memories of their grandparents are.
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Grandparents Day became a National Holiday on September 10th, 1978 to It's purpose is to encourage all citizens to plan activities that will recognize the many contributions grandparents have made to our lives.
How stocks perform three months before the election has a stellar track record of predicting who will win in November. If stocks are higher, the incumbent party tends to win, while if stocks are lower, the incumbent party tends to lose. This indicator accurately predicted the winner 87% of the time (20 of 23) since the late 1920s.
Building on this, if President Donald Trump is going to win, right about now is when the S&P 500 Index should start to outperform. Of course, if it weakens, it could mean we will be looking at a President Joe Biden soon.
Speaking of presidents up for re-election, here’s what the S&P 500 historically has done during re-election years.
Lastly, here are two final charts that may help forecast the outcome.

If real per capita disposable income is higher, the incumbent president usually wins. Conversely, if wages are weak, that bodes well for someone new in the White House. Given real per capita disposable income is up more than 7% this year, it would suggest President Trump should take more than 70% of the votes. Of course, this is greatly skewed due to the CARES Act, so we’d put a major asterisk next to this one.
To sum up, Gallup poll approval ratings have done a nice job of predicting how many votes a president up for re-election might get. With a 42% Gallup approval rating currently, this comes out to 49% of the total votes for President Trump, which points to a close race.
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LPL 2020 Midyear Outlook: The Trail to Recovery
The LPL Research Midyear Outlook 2020: The Trail to Recovery is here to guide us on the path to economic and market recovery and what to expect in the 2020 elections.
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Cornerstone Commentaire
“Nobody can do for little children what grandparents do. Grandparents sort of sprinkle stardust over the lives of little children.”
Alex Haley
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