The Clinton Bounce

September often begins with a quick stock market bounce that fizzles. This year markets did the opposite until today.

Much to the obvious chagrin of Michelle Obama, Bill Clinton stole the show at the U.S. Democratic National Convention yesterday, and now we are witnessing a “Clinton Bounce”.

So, as it turns out, fabulous Clinton super-spin has resuscitated early September market action.

History suggests that the bounce won’t last. It’s all hot air.