The stock market's performance shows the election is taking a back seat to the economy, Citi says

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• Citi says the election appears to be having a smaller impact on stocks compared to previous years.
• Analysts point to a relatively low VIX reading, a strong market rally, and rotation into pricier stocks.
• They say these trends show traders are more focused on economic conditions, the Fed, and earnings.

The election tends to have a strong impact...