Wall Streeters may not want President Obama to get reelected, but that is not going to stop them from trying to make money on his possible second term.
Traders are increasingly betting on industries that thrive under under Democratic leaders and against those companies that might do better in a country run by Mitt Romney and Republicans, according to a new Wall Street Election Poll Index created by Jeffrey Kleintop, chief market strategist at LPL Financial, a Boston brokerage.
The index, which dates back to the start of the year, tracks the stock performance of industries helped by Democrats against those typically helped by Republicans. It is up 15 percent so far this year, hitting a new high this week.
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