Like many people on Wall Street, James O'Shaughnessy is hoping for a Mitt Romney victory in today's Presidential election. O'Shaughnessy, whose eponymous firm manages over $4.9 billion, has donated to Romney's campaign, according to public filings. He believes the Republican will have an easier time breaking the partisan gridlock in Washington.
"A Romney election makes it easier" for Congress to address the fiscal cliff and other fiscal policy issues, O'Shaughnessy tells me in the accompanying video. "Romney has already expressed a willingness to work with Democrats, and could get something done."
That said, O'Shaughnessy concedes a Romney victory would likely mean a less supportive monetary policy for stocks. Romney has already pledged to not reappoint Ben Bernanke to another term. (Since then, Bernanke has reportedly said he won't seek a third term no matter who wins the election but Romney is likely toRead More »from Romney’s Better But Conditions “Good for Stocks” No Matter Who Wins: O’Shaughnessy