2012-02-08

Independents disapproval of Obama is correlated with the S&P 500?

I pulled polling data from this Ipsos poll. If you look at summer 2010, you see the sell-off in the S&P 500 Index and disapproval of Obama rising for Republicans, Democrats and Independents. Disapproval then sinks across the board as the market rallies. There are a few other points like this, but only the Democrats and Republicans appear consistently affected by the stock market. Oddly, independent disapproval of Obama is sometimes correlated with the stock market. When the stock market drops, their approval of Obama goes up.


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