e stock market took off like a rabbit on Monday, in a massive rally widely attributed to Hillary Clinton’s perceived chances of winning the presidential election. Those increased sharply, the smart money seemed to be saying, after FBI Director James Comey effectively cleared her of email wrongdoing over the weekend. There’s little doubt that investors are hoping that Clinton will win. But in this era of public obsessions not merely with election polls, but with election forecasts, the stock market’s action raises another question: Is the stock market predicting that she’ll win?
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