The stock market is a terrible political prognosticator. That’s important to remember as a counter to those who view the market as a political barometer, but many financial websites nonetheless post scoreboards showing how stocks have performed during various presidencies.
Some financial analysts have taken the U.S. stock market’s current weakness to mean that President Joe Biden’s re-election chances are fading. Try as I might, I can find no statistical support for the notion that a president’s odds of being reelected are...