From drugs to financials, the stock market is trying to anticipate who will win the White House this fall. Sorting it all out is a TIME panel moderated by senior writer DANIEL KADLEC and including Richard Bernstein, chief U.S. strategist at Merrill Lynch, Gregory Valliere, chief political strategist at Schwab Soundview Capital Markets, and Thomas Gallagher, chief political analyst at ISI Group.
TIME: Do Presidents and politics move markets in ways we can anticipate?
THOMAS GALLAGHER: Sure. But unlike with economic or industry news, markets tend to react to politics--not discount them ahead of time. That creates opportunities if you can...
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