Democrats in office, has to happen.
Actually most crashes during the 20th and 21st centuries have occurred during the terms of Republican presidents:
1907 Panic - Theodore Roosevelt
1929 crash - Herbert Hoover
1987 crash - Ronald Reagan
2000-2001 - Both Bill Clinton and G.W. Bush administrations presided over the Dot-Com bubble burst.
2008 Financial Crash - G.W. Bush
2020 Covid Crash - Donald J. Trump
The 2000-2001 Dot-Com bubble burst began in the Clinton Administration so it is the exception.
I do not count the wuhan flu ass a “crash”.
That is biological warfare.
“1987 crash - Ronald Reagan”
Market tripled in three years before 1987 peak.
Two years later market higher than 1987 peak.