Mr. Market loves cronyism:
Mr. Market seems to be screaming “four more years.”
According to a new report by Capital Economics, it appears investors would prefer President Obama to stay in office for another term as opposed to Mitt Romney getting elected.
“The close relationship between President Obama’s chances of re-election and the level of the S&P 500 appear to suggest that the stock market favors a Democrat as president,” says Paul Dales, senior U.S. economist at Toronto-based Capital Economics.
Read the rest of the article (well worth a read) here.
If you enjoy the content at iBankCoin, please follow us on Twitter
