TrendMacro's 2020 Election Model

Source: Various, TrendMacro calculations

Trigger warning: this report talks about politics. TrendMacro is apolitical and non-partisan. We do not endorse any candidate or party. Our interest in predicting election results is strictly to inform our strategic outlook for the markets and the economy.

TrendMacro's proprietary quantitative presidential election model predicts that Trump will be re-elected by a margin of 294 electoral college votes, assuming economic conditions are the same in November 2020 as they are today. A non-incumbent GOP candidate such as Pence is predicted to win by 214. The predicted margin is robust to some degree of cooling off from today’s very strong economic variables. Historically, when the economy is merely okay, incumbents always win unless their party has held the White House for two terms or more. But a GOP candidate could not survive even a mild recession, because it would come on the heels of today’s very hot economy. Conventional “business cycle” thinking says a recession is long overdue, but a successful conclusion to the US/China trade war could reinvigorate global growth and easily forestall one through the election.

View The TrendMacro 2020 Presidential Election Prediction Model

Don Luskin is a trusted advisor on all things "macro" to Sprott and Whitney George, Chief Investment Officer, Sprott Asset Management. Don's 40-year career as an entrepreneur, executive, investment manager and commentator has been built around his passion for the application of technology and innovation to the challenge of investing.

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