New York (CNN Business) The presidential election is just two days away and the stock market has locked-in its prediction, according to one indicator. S&P 500 SPX Thefell 0.04% between July 31 and October 31. That means the market forecasts -- by a hair -- that Joe Biden will win, according to CFRA Research's Presidential Predictor. Similarly, when the S&P 500 rises during that period, the incumbent or party of the outgoing president has won 82% of the time. The stock market had been predicting a Trump victory until Friday, when the S&P 500 tumbled 1.2%.

Source: CNN November 01, 2020 18:00 UTC