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In today's modern political world, it's almost impossible to predict how elections will go, but the stock market is a somewhat reliable tool that we can use to make some educated guesses. As of right now, the stock market seems to be pointing towards a Trump victory.
Heritage Foundation economist EJ Antoni told KTRH that the stock market seems to do much better when Trump is ahead in the polls than it does when Biden is ahead. He says this is due largely to optimism for a Trump victory and the economic prosperity that would bring.
Antoni said, "As markets think, 'Okay, we will get lower taxes, we will get less burdensome regulation under a Trump administration.' As that becomes more likely, stocks begin to elevate."
This means that despite Joe Biden's attempts to claim that higher stock prices are a sign his economic plans are working, it's actually a sign that he should be worried about his chances in the November election.