The market is 'warming up' to a Trump victory: Strategist

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Donald Trump's guilty verdict has spurred debate about its impact on the upcoming presidential election. According to LPL Financial, the S&P 500 (^GSPC) has been rising alongside Trump's chances of winning. LPL Financial Chief Technical Strategist Adam Turnquist joins Market Domination Overtime to discuss the potential correlation between the candidates' odds of winning the election and the stock market's strength.

Based on data from PredictIt, Turnquist argues, "We've noticed in terms of how the market has correlated to those, it's become increasingly correlated to former President Trump's election odds as the markets moved higher, his odds have also moved higher. So that correlation has strengthened. And in contrast to that, you've seen President Biden's odds remain pretty much negatively correlated to the market over the last few months. And where that shift really took place is when former President Trump's odds actually started to eclipse President Biden's odds."

Follow Yahoo Finance's coverage of President Trump's trial verdict with the latest articles and news segments:

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With Trump found guilty, what's next for his candidacy?
Trump must take 'drastic actions' to secure votes: Strategist
Trump-friendly billionaires from Elon Musk to Bill Ackman offer new support following conviction

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Nicholas Jacobino