I think for the most part investors are OK with the election. Trump is good for money making, but he also has a tendency to rock the boat on international trade, which isn't great for investing.
Biden is a Dem, but not a radical one, and I suspect that most investors think he'll be pretty predictable, which is good for investing. If the talked about swap for Harris happens we might see more concern in the market.
There's also the looming question of how big/widespread the next round of lockdowns is going to be.
Biden not radical? First, his position on firearms
IS verrrry radical. Confiscate ARs and AKs? Or apply a $200 tax? And on "hi cap" magazines ---- which lack serial numbers, so how are they to be "registered"? ?
Second, and more general, he is seen by many as a "place holder" or avatar for other powers Rush Limbaugh has speculated he'll be removed via 25th amendment and Kamala Harris (who
is a card-carrying socialist) will become prez. In addition, he wants higher taxes, green new deal, open borders, and other loony socialist programs.
So far he ostensibly seems to be playing it fairly middle-road, atleast in
some of his cabinet picks. And I do agree the market seems to agree he's predictable (though I personally do not) so right now, yea, the market is decently happy.
I do not think that will last.