A big drop in the stock market in mid-October should mean a swing toward GOP presidential nominee Donald Trump in presidential election polls, according to technical analyst Tom McClellan.
The path of Dow Jones industrial average gives us clues for what the presidential election poll numbers are going to do, the editor of The McClellan Market Report explained on Monday, which he says has predicted the outcome of the past four presidential elections.
He continued, "If we have an up market, that tends to benefit the incumbent or the incumbent party. We have a down market ... that shows dissatisfaction with the current life state and that tends to favor the challenger party. We're seeing that again this year."