Since Gross is often wrong, then yields must be going up, implying an economic recovery.
Election years are often plus years for the market, because whoever is winning has the most followers. And those followers believe their guy will fix whatever ails us. Obama's election was an aberration in more ways than one.
likely the pubbies will win the election.
The first thing that will happen after winning the election will be that obamacare will be gone.
this, single handedly will have huge effects on the economy.
I have seen graphs which show that in early 2010 the economy was creating hundreds of thousands of jobs monthly. Job creation stopped on a dime in May 2010, the month obamacare was made into law.
reverse that and there will be huge knock on effects. the stock market will start to anticipate such months in advance of it happening. people get it.