A likely Biden-Trump rematch is top of mind for investors, as former president Donald Trump moves closer to clinching the GOP nomination.
For investors, history suggests a strong pre-election year will carry over into the following year. Analysis from Carson Group’s Ryan Detrick found the S&P 500 has recorded gains every election year after a 20%-plus gain in the pre-election year.
And while history shows stocks usually go up regardless of which party is in the White House, analysis from Goldman Sachs found that tech is usually the worst performing sector in the year leading up to the general election, while utilities and consumer staples tend to outperform.
In the near term, President Biden’s green energy push, crackdown on fossil fuels, and escalating tech war with China are among top issues for investors. For Trump, the former president’s trade agenda, along with his pledge to…
