The election rally was due to the controlling party last effort to pump up stock market, when the controlling party loses the final presidential election, stock drops 4/4 times the day after election (1972,1980,1992,2000)
This can be explained as when the controlling party loses they will not likely continue to support the market as much as before the election.
This can be explained as when the controlling party loses they will not likely continue to support the market as much as before the election.