The stock market has been on a record run, and with the presidential election just under five months away, analysts and experts have begun reading the tea leaves regarding its implication for the election outcome.

What Happened:The recent change in the presidential polling trend is under the radar for potentially driving the market's run, said CNBC hostBrian Sullivanin the Last Call show on Monday. He also pointed out the positive correlation between the S&P 500's performance over the past three months and odds predicting a[Donald] Trumpvictory over the same time frame.

"Both charts...