Election Day Market Impact
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abnormal election yearYahoo Finance
•Markets brace for presidential election, Fed meeting: What to know this week
87% Informative
The S&P 500 had its best start to an election year since 1932 , with a 20% year-to-date return for the benchmark index.
Markets are widely expecting the Federal Reserve to cut interest rates by 25 basis points when it announces its next policy decision on Nov. 7 .
The key question entering the meeting is what the central bank will signal about its plans for future meetings.
Since the start of October , analysts have cut estimates by 1.8% , according to FactSet data.
This is in line with the average cut to earnings seen over the past 10 years .
"At a certain point, earnings have to take the baton," Mayfield says.
VR Score
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