(CNN)The commissioner of the US Food and Drug Administration on Sunday declined to defend President Donald Trump's unfounded claim that 99% of coronavirus cases are "totally harmless" and repeatedly refused to say whether Trump's remark is true or false. have made the case that a win for the former vice president would be a “neutral to slight positive” for stocks. Still, the success of the stock market isn’t likely to be enough to secure a win for Trump. The Nasdaq has soared nearly 60% since hitting a March 23 low and has booked 30 record highs so far in 2020, while the S&P 500 index SPX, +0.64% has climbed 48% and the Dow Jones Industrial Average DJIA, +1.39% , has climbed by about 46% over the same period. On Monday, he claimed that a record high for the Nasdaq Composite Index COMP, +0.52% , achieved in the wake of the carnage wrought by the pandemic, would all “ come crashing down” if Biden wins the election. ![]() Recently, Trump via Twitter has been pushing his economic and market prowess as factors that he hopes can lead him to a victory in November. ![]() ![]() To be sure, the model is not scientific but Lichtman’s results deserve attention if only for the novelty of seeing how his forecast plays out.
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