While Republicans promote themselves as the friendliest party for Wall Street, stock investors do better when Democrats occupy the White House. From a dollars- and-cents standpoint, it’s not even close.
Options trading in benchmark gauges such as the Standard & Poor’s 500 Index is growing at the fastest pace since 2007, spurred by investors seeking protection from widespread declines after the broadest rally on record.
U.S. stocks rose, reversing early losses, as consumer confidence increased and manufacturing grew at the fastest pace since June 2011, easing concern about the economy as $85 billion of federal spending cuts were set to begin. Commodities fell and the pound and euro slumped.
U.S. stocks and commodities rallied and the Dollar Index fell for the third time in four days amid speculation the Federal Reserve will maintain its pace of monetary stimulus until economic growth picks up.