With Newt Gingrich surging in the polls, and with Newt generally perceived as being a weaker general election candidate than Mitt Romney, Barack Obama’s re-election odds are on the rise.
There’s now up to a 54.4% chance of being re-elected on InTrade. That’s well above the mid-40s level from last summer.
But as we looked at that chart, we couldn’t help think that it looks familiar somehow.
What could it be?
Ah yes, here’s the S&P 500.
Forget Newt. As long as the rally continues. Obama’s odds will keep looking better and better.