"A longstanding rule of thumb suggests that, if stocks are up in the three months before Election Day, the incumbent party usually wins. The method, using the S&P 500 as a measure of the stock market, correctly predicted the outcome in 20 of the past 24 presidential elections going back to 1928, according to Leuthold Group."
The Dow Has Predicted 22 of the Past 24 Presidential Elections.
https://www.barrons.com/articles/who-will-win-presidential-election-stock-market-prediction-d8a6b994