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Should the Street Fear Hillary?

After feeling burned by backing Barack Obama in 2008, the conventional wisdom suggests Wall Street should be rooting for a Republican to take the White House in 2016.But some believe the stock market could actually perform very well should Hillary Clinton become the first female commander-in-chief, especially if she inherits a GOP-controlled Congress.That's because the last time investors faced a pragmatic, pro-Wall Street Democratic president -- Clinton's husband -- who was stymied by a Republican legislature, the stock market averaged a 20% rally and the economy grew at a brisk 4.2%."As the 2016 election comes into focus, some in the markets will express alarm over a Hillary Clinton presidency. But we'd argue that she's far more centrist than Obama -- and if stocks perform even half as well in a Hillary Clinton presidency as they did under Bill Clinton, she would be most welcome on Wall Street," Greg Valliere, chief political strategist at PRG Research Group, told clients in a recent...

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