Stocks are taking off. Now up a bit less than 1%.
Romney rally? It could be, since there’s no equivalent rally happening in the European sovereign bond market, so it would imply that the rally is based on something stateside.
A couple other quick points:
- It’s pretty well accepted dogma on Wall Street that Romney would be better for stocks.
- Also, stocks got a bit of a lift last night right after the Romney victory.
- The Romney win was the #1 talking point on morning analyst notes today.
Bottom line: Quite plausible.
Also noteworthy is that volume is on the high side today.