With the S&P 500 (represented in the chart by the SPY ETF) approaching cycle highs, President Obama's reelection odds are back up to 58%. Since the start of 2011, Obama's reelection odds have a 73%+ correlation to the SPY.
A strong stock market is a plus for Obama at this stage of the election. If the S&P 500 is the best indicator of the economy's performance, then President Obama is a decent favorite to win reelection over Mitt Romney.
A strong stock market is a plus for Obama at this stage of the election. If the S&P 500 is the best indicator of the economy's performance, then President Obama is a decent favorite to win reelection over Mitt Romney.
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