Why does the stock market rise and fall with Hillary Clinton's polls? Why don't investors identify better with Donald Trump? asks James M. Meyer, chief investment officer at $1 billion-asset Tower Bridge Advisors in West Conshohocken, in a note today to clients of Boenning & Scattergood.
"Mrs. Clinton has historic ties to Wall Street, but her policies clearly are not very pro-business," Meyer writes. "She wants to raise taxes, especially on the investor class... She has come down hard" on high corporate drug prices. "In short, she is a die-hard tax-and-spend liberal.... Much of what she proposes would stifle growth... the same way as has been the case during the Obama administration...
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