Surging Stock Market: Not Just "Election Gift" to Harris-Walz ...

 At or hovering near 42,000 the Dow stirs up good feelings for Kamala Harris who represents the current administration. That is, she can contend it was her leadership in the White House that engineered the makings of this surge. Some label this development an "election gift.

But there is more. MarketWatch documents:

"The U.S. stock market is one of the best predictors of whether the incumbent party will win a presidential election."

If this upward trajectory can be maintained the Harris-Walz ticket wins.

Of course, a rising tide lifts all boats. Big time careers can get bigger, at least in branding, influence and power, with a Harris administration.

Had Hillary Clinton won in 2016, there was speculation that her former press secretary earlier in her career - now Paul Weiss law partner Karen Dunn - would become the head lawyer in the White House. Since Dunn had coached Harris so spendidly for the ABC debate she might do what Donald Trump election legal advisor Jones Day partner Don McGahn did after that win: Go straight to the White House. 

In her high-profile support of Harris, Oprah, a mature brand which has been dented by her former stance on weight management, is having a comeback. Will she land an official role in the new order of things? That would provide fresh runway. 

There is also David Muir, top ranker in media metrics on the number of viewers and who co-moderated ABC debate. Will he also be swept up into a role with even more reach in the new administration? His brand is a trusted one, just like Walter Cronkite's had been. That would bring the administration additional credibility.

The guessing game continues about all those leaders of progressive law firms who have already made headlines in this campaign. 

Will Eric Holder of Covington return to public service? He had vetted the VP pick. Previously he had been the US Attorney General. 

And what about master fundraiser Brad Karp, chair of Paul Weiss? Although he has reset the firm's branding as an aggressive global expander and disruptor, he could take the leap into a powerhouse administration position. In college he toyed with the idea of running for Congress. Instead he went into the family business of practicing law.

Meanwhile, we boomers can exhale. We may not outlive our money. Our nest eggs are even growing. 

Obviously, though, a stock market reversal can change plenty. It could signal a Harris-Walz loss in November. Lots can happen before America goes to the polls. 

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