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An ‘extreme’ August on the stock market might be telling us something about the November election


August marked the best month for the S&P 500

since 1986 and for the Nasdaq Composite

since 2000.

But it’s a new month and autumn and winter are coming, with a U.S. election race starting to heat up and the COVID-19 battle and all that comes with it. That brings us to our call of the day, from BTIG’s chief equity and derivatives strategist Julian Emanuel, who says an extremely strong August for stocks — the S&P 500 is up 7.2% through Aug. 28 — could be telling us something about who wins the White House in November.

“At first glance, August strength plays well into Donald Trump’s…


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