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Stocks surged this morning. The rally followed news that the FBI found no reason to charge Democratic presidential candidate Hillary Clinton for her use of a personal email server as secretary of state.
- The Dow jumped over 300 points.
- The S&P 500 gained more than 40 points.
- The Nasdaq climbed over 115 points.
But in a note to investors today later acquired by Bloomberg, co-founder of the global finance advisory firm Fundstrat, Tom Lee, made a few points that counter this morning's rally…
Lee said that although there would be a stronger rally if Clinton wins, stocks would still rise if Donald Trump becomes the next president of the United States.
He gave Bloomberg eight hard-to-argue-with reasons to back up his claim – one of which includes the inevitable (and profitable) repeal of a landmark Obama administration law: