(CNN) - Why is the presidential race dead even after both parties have had their conventions? In a nutshell, it's because the conventions have not changed the basic dynamic of the race.
Earlier: CNN poll shows race dead even
New numbers released by CNN Monday explain just how the presidential race remains so close with 57 days to go until voters weigh in at the polls: the conventions were so successful for both parties that that each essentially canceled the other out.
The candidates' favorable ratings are identical (60 percent) - and almost identical to what they were before the conventions began. The GOP convention made Republicans more enthusiastic (an increase of 17 points). But Democrats are more enthusiastic as well (up 14 points), so an 11 point "enthusiasm gap" favoring remains: 71 percent of Democrats say they are enthusiastic about the election, compared to 60 percent of Republicans.
The candidates' strengths and weaknesses on the issues also have not changed over the last month - Obama retains his edge on the economy and health care; McCain's advantage remains on Iraq and terrorism.
In fact, the Iraq issue is instructive of just how effectively the conventions molded public opinion. Before the Democratic convention, McCain had a 9-point edge; after the Democratic convention it was a tie, and now McCain has a 14-point lead on Iraq.
But not every convention theme appears to have resonated - although the GOP convention portrayed McCain as a maverick reformer, more Americans see Obama as a "real reformer" (48-41 percent) and as someone who is "not a typical politician" (56-34 percent)
Who would Americans be prouder to have as president? That's a tie - 46 percent say Obama, 44 percent say McCain, despite the emphasis on McCain's war record at the GOP gathering in Minnesota. On the other hand, McCain may have managed to best Obama on values (49 percent say McCain is more likely to share their values compared to 45 percent for Obama; in mid-August Obama had a 4-point margin on that measure).
It appears McCain was able to gain some ground on "change," a theme that the Obama campaign has long called its own. But in the wake of McCain's pick of Washington outsider Sarah Palin, the Arizona senator has narrowed Obama's lead on that item from 18 points to 8.
CNN Polling Director Keating Holland says both party's conventions clearly had their desired effect.
"Although McCain's acceptance speech did not get the same rave reviews as Obama's speech, the two conventions appear to have had the same overall effect - 48 percent said that the GOP convention made them more likely to vote for McCain, 51 percent said the same about the Democratic convention and Obama," he said.
But even as polls tighten in McCain's favor, a slim majority (52 percent) of Americans still think Obama will win in November.
"We'll see if that number changes later this fall once the public sees the latest round of polls," Holland said.