"It's been a strange year. The market usually doesn't rally until the fourth quarter of an election year once it's clear who will win. But that might be happening now," said John Canally, chief economic strategist at LPL Financial.
It's admittedly a chicken versus the egg scenario though. Are investors truly excited about a Clinton presidency ... or just relieved that (as of right now) it seems less likely Trump will land in the Oval Office.
There are several reasons why Wall Street might prefer a Clinton win. (Or Trump loss.)
For one, Clinton has close ties to big banks -- which have been criticized by both Trump and her former Democratic rival Bernie Sanders.
Related: 5 reasons why stocks may keep going higher
Clinton would probably be less likely than Trump to try and break up banking powerhouses JPMorgan Chase (JPM), Citigroup (C), Bank of America (BAC) and Wells Fargo (WFC).
That's a big reason why Trump -- despite his New York ties and massive wealth -- is viewed as the less market-friendly candidate..
"A lot of what Trump says is atypical rhetoric for the Republican party," said Bruce McCain, chief investment strategist with Key Private Bank. "The way the Trump candidacy has sort of imploded in the past week may be reassuring to investors who'd prefer a more traditional candidate."
There's also a famous saying about how Wall Street hates uncertainty. Clinton is more of a known commodity.
Trump, to put it mildly, is a wild card.
His controversial remarks -- and tweets -- could lead to more volatility. Even though it seems unlikely that he would remain so bombastic and unpredictable if elected, the truth is that nobody really knows.
For the complete article please visit
CNN Money
ABOUT
Dynamic Wealth Research was founded on the principle the world is changing at an ever-increasing pace. The greatest profit opportunities an investor will ever find are from massive, sweeping changes. Dynamic Wealth Research analyzes and closely follows these changes, keeps its readers on the leading edge of them, and shows you how to be best positioned these anxious, interesting, and ultimately profitable times.
