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.
You are now leaving Sprott.com and entering a linked website. Sprott has partnered with ALPS in offering Sprott ETFs. For fact sheets, marketing materials, prospectuses, performance, expense information and other details about the ETFs, you will be directed to the ALPS/Sprott website at SprottETFs.com.Continue to Sprott Exchange Traded Funds
You are now leaving Sprott.com and entering a linked website. Sprott Asset Management is a sub-advisor for several mutual funds on behalf of Ninepoint Partners. For details on these funds, you will be directed to the Ninepoint Partners website at ninepoint.com.Continue to Ninepoint Partners
You are now leaving sprott.com and linking to a third-party website. Sprott assumes no liability for the content of this linked site and the material it presents, including without limitation, the accuracy, subject matter, quality or timeliness of the content. The fact that this link has been provided does not constitute an endorsement, authorization, sponsorship by or affiliation with Sprott with respect to the linked site or the material.Continue