It finds that the party in the White House tends to stay in power when the US stock market rises ahead of a presidential election. In all but two elections since 1944, the incumbent party has won the race for the White House when the S&P 500 advanced between the end of July and Halloween,

Stock markets surged amid the news of President-elect Trump’s 2024 win, with the Dow Jones logging its best day in two years, while the S&P 500 and the Nasdaq also hit record highs. Editor-in-Chief at Investopedia,

What should we read into the “Trump bump” since last week’s unexpectedly decisive presidential election? Clearly, investors were surprised by the ease of the victory. They believe that a red sweep will pave the way for the new president to deliver more of what he has promised than would be possible under a divided government.

S&P 500, Dow and Nasdaq are all at all-time high levels primarily on the back of falling inflation levels and the US Fed rate cut campaign.