Does it matter who wins the Whitehouse in November when it comes to the S+P 500?

The broadest measure of the US equity markets closed on Friday at 5,738.17, with a loss on the day of 7.20 points. The high seen on Friday was set at 5,763.78. That high was short of the record it set the day before, at 5,767.37. The index futures are lower this morning ahead of what will be the final daily close of the month and quarter later today. Beyond that, the broadest measure of the US stock markets has enjoyed a fabulous third quarter by any measure, but will it extend even more towards 6k in Q4? Several months back when the index busted back above 4,800 an update here noted the longer-term prognosis for the S+P to move towards that 6k level. Well, as you can see; that is pretty much how it has played out. However, the US Presidential election is looming ever closer and much is at stake. Perhaps the index does not care who wins the Whitehouse? Well, before you reach that conclusion consider the implications for what actually drives stocks- profits and return on equity. A simplistic way to look at this, in an attempt to answer how it might trade before and after the election could be to note the following- Trump is set to lower corporation Tax, where Harris is set to do the opposite.