...its an election year, we saw the same thing happened in Q4 2019 which was nastily interrupted by the Covid crash.
...you can't rely on the S&P500 for an indication of how stocks are faring.
...Trump would openly hint supporting the indices, Biden would not but his team could be working behind the scenes to engineer a positive indices outcome.
Nearly 80% of the $SPX is in the red today for an average decline of -1.28%, while the index itself is in the green. Impressive stuff.