Wall Street strategists are growing more positive about a potential stock market rally after the upcoming US presidential election.

Analysts from Morgan Stanley and JPMorgan Chase have suggested that the S&P 500 Index, which has already seen a 21% increase this year, is likely to continue rising once the election results are finalized.

Strategists at Jefferies LLC have observed a historical pattern where equities tend to weaken in the week leading up to the vote, often followed by strong performance in the subsequent month. This recent decline in stock prices may indicate a bullish outlook for investors as they await the election outcome.