Since Bill Clinton strategist James Carville pronounced, “It’s the economy, stupid,” to explain how Democrats would take advantage of a recession in the 1992 election, the existing economic condition of the country has been considered pivotal in predicting an incumbent win versus a change of administration or flipping the majority party in Congress.

That puts Democrats in a tough spot this election year, as the so-called Magnificent Seven tech firms drive gains in the economy and simultaneously remain a political target for many on the Left.