The election may cause a downturn, but the damage may already be done. The 2nd quarter report isn’t out, but the estimates are between 30% and 50% loss (taking the GDP into account).
If that’s the case, we’ll be lined up for a 3rd quarter dip, as well. I’d plan on more attempts to make that happen. If they succeed, the economy will be (technically) in a recession or depression. Not a very good launch point for Trump or the markets going into the November election.
