Who’s Better for Markets: Romney or Obama?
There’s a growing bit of conventional wisdom that says that if Mitt Romney is elected, the stock market will soar, and if President Obama gets another term, we’ll enter a bear market. Romney said as much himself to a group of $50,000-a-plate supporters during his infamous 47% dinner talk. But does historical evidence support this claim? In a word, no. Sure, there are plenty of investors who believe that the markets would favor a Romney victory. A recent Barclays survey of institutional investors, hedge-fund managers and corporate executives found that most thought that stock markets would rally more, and longer, under a President Romney, though their enthusiasm was muted by worries over a more hawkish Fed (Romney has hinted that he’d like a Fed head that would tighten the money spigots) and protectionism. (Romney may score campaign points by talking tough about China, but no corporate leader wants to risk a trade war, or even a trade skirmish, with the Middle Kingdom, which has been ...
barclays
bloom
business
china
continuation
david
democratic
evidence
fed
fisher
hsbc
interestingly
ken
kingdom
mitt romney
obama
options
president
protectionism
republican
street
wall
wisdom
Who’s Better For Markets: Romney or Obama?
There’s a growing bit of conventional wisdom that says that if Mitt Romney is elected, the stock market will soar, and if President Obama gets another term, we’ll enter a bear market. Romney said as much himself to a group of $50K a plate supporters during his infamous 47% dinner talk. But does historical evidence support this claim? In a word, no. Sure, there are plenty of investors who believe that the markets would favor a Romney victory. A recent Barclays survey of institutional investors, hedge fund managers, and corporate executives found that most believed that stock markets would rally more, and longer, under a President Romney, though their enthusiasm was muted by worries over a more hawkish Fed (Romney has hinted that he’d like a Fed head that would tighten the money spigots) and protectionism. (Romney may score campaign points by talking tough about China, but no corporate leader wants to risk a trade war, or even a trade skirmish, with the Middle Kingdom, which has been ...
barclays
business
china
continuation
democratic
evidence
fed
fisher
hsbc
interestingly
ken
kingdom
mitt romney
obama
options
president
protectionism
republican
street
wall
wisdom