Polls Show Tight Race Despite Robust Economy
• Prediction markets show the presidential race between Trump and Biden is currently a tossup
• The stock market has not reacted negatively to the possibility that Trump could win
• The economy by most measures is doing very well, which typically favors the incumbent president
• High inflation over the past year may be disproportionately affecting people's views of the economy
• There seems to be a disconnect between the strong economic data and Biden's standing in the polls