{"id":831,"date":"2008-11-04T14:58:19","date_gmt":"2008-11-04T19:58:19","guid":{"rendered":"http:\/\/ietransfer.wpengine.com\/?p=831"},"modified":"2008-11-04T14:58:19","modified_gmt":"2008-11-04T19:58:19","slug":"us-stocks-advance-in-election-day-rally-signifying-hope-for-climate-policy","status":"publish","type":"post","link":"https:\/\/inspiredeconomist.com\/articles\/us-stocks-advance-in-election-day-rally-signifying-hope-for-climate-policy\/","title":{"rendered":"U.S. Stocks Advance in Election Day Rally Signifying Hope For Climate Policy"},"content":{"rendered":"

\"\"\"\"<\/h3>\n

U.S. stocks advanced today in the biggest presidential Election Day rally in 24 years. This has been led by energy<\/a> and banking shares, on higher commodity prices and speculation the Treasury will bail out <\/a>more financial companies. (Bloomberg<\/em><\/a>)<\/h3>\n

According to Philip Orlando<\/a>, who helps manage $330 billion as chief equity strategist at Federated Investors Inc. in New York, “The elimination of the uncertainty of the campaign typically results in an end-of-year rally and you’re starting to see that today<\/em>.” [social_buttons]<\/p>\n

The next President, whether Democrat Barack Obama<\/a>, who leads in national polls, or Republican John McCain<\/a>, must contend with a grim economy crippled by declining profits and the highest unemployment<\/a> in five years. Jonathan Pershing<\/a> of the World Resources Institute tells us that a recent Deutsche Bank study found that governments will stimulate growth through investments in green energy. Professor Robert Pollin of the University of Massachusetts-Amherst recently told Congress: \u201cA green investment agenda<\/a>\u2013focused primarily on measures to dramatically improve energy efficiency but on advancing renewable energy commercialization as well\u2013can itself serve as a powerful engine of job creation<\/a> in the short run.\u201d<\/p>\n

Financial analysts certainly have a more positive outlook:\u00a0 JPMorgan Chase & Co.has been talking about a post election rally. If U.S. stocks continue to rally post the election uncertainty then, it looks like climate policy will be high on the new government’s agenda as climate change coupled with energy security will play a significant role in the new government’s efforts to stimulate economies in 2009.<\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. stocks advanced today in the biggest presidential Election Day rally in 24 years. This has been led by energy and banking shares, on higher commodity prices and speculation the Treasury will bail out more financial companies. (Bloomberg)<\/p>\n","protected":false},"author":65,"featured_media":8874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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This has been led by energy and banking shares, on higher commodity prices and speculation the Treasury will bail out more financial companies. (Bloomberg)","_links":{"self":[{"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/posts\/831"}],"collection":[{"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/users\/65"}],"replies":[{"embeddable":true,"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/comments?post=831"}],"version-history":[{"count":0,"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/posts\/831\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/media\/8874"}],"wp:attachment":[{"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/media?parent=831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/categories?post=831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/tags?post=831"},{"taxonomy":"adace-sponsor","embeddable":true,"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/adace-sponsor?post=831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}