Netanyahu Predicts Strong Stock Market Rally Following Election Victory
Translated & summarized from Ice by baba
Prime Minister Benjamin Netanyahu predicted a strong positive reaction from the stock market if his party wins the upcoming elections, calling it "strongly green." Historical data from the Tel Aviv Stock Exchange shows an average 16.4% return in the year after elections, though the exchange cautions against direct attribution. Netanyahu also vowed to dismantle the agricultural lobby and indicated further reforms for the Israel Land Authority, while criticizing official Yaron Zelekha.
The story in 6 lines · by baba
- Prime Minister Netanyahu predicts a strong stock market rally if his party wins the upcoming elections.
- He stated the stock market would be "strongly green" following an electoral victory.
- Historical data shows an average 16.4% return for the TA-125 index in the year post-election.
- Netanyahu vowed to "dismantle the agricultural lobby" if re-elected.
- He also indicated further action against the Israel Land Authority.
- Netanyahu criticized official Yaron Zelekha, calling him a representative of labor unions.
Prime Minister Benjamin Netanyahu has predicted a significant positive reaction from the stock market if his Likud party wins the upcoming elections. Speaking in an interview with Channel 10's economics program, Netanyahu stated, "If we win, it will react well. If we win, the stock market will be strongly green. Strongly. In other scenarios, it is very bad. It is a great disaster." He explicitly linked his electoral success to a robust performance by the Tel Aviv Stock Exchange, drawing the bourse into the political discourse ahead of the vote.
Historical data from the Tel Aviv Stock Exchange's research unit, covering ten Israeli election cycles since 2003, suggests a trend of positive returns. The TA-125 index reportedly yielded an average return of approximately 16.4% in the 12 months following elections, compared to an average annual return of about 11.5% over the entire examined period. However, the exchange cautions against directly attributing these gains solely to election outcomes, noting that some election periods coincided with major global market crises and subsequent recoveries, which also influenced performance.
Beyond the stock market, Netanyahu also addressed potential economic policies and identified specific entities he is prepared to confront. He declared his intention to dismantle the agricultural lobby, stating unequivocally, "I will dismantle the agricultural lobby. Absolutely." He also indicated openness to further reforms concerning the Israel Land Authority (ILA), suggesting that current actions are insufficient and that more significant changes are needed to address what he described as a large monopoly.
Netanyahu also commented on Yaron Zelekha, an official he previously employed. Netanyahu dismissed Zelekha's claims of credit for economic reforms, characterizing him as a representative of the Histadrut labor federation and large trade unions. He accused Zelekha of taking credit for others' achievements and opposing key reforms, including those related to mobile phone prices and natural gas extraction.
Mentioned
