After months of anticipation and uncertainty, incumbent George W. Bush managed to squeak out a victory over Sen. John Kerry to earn a second term as U.S. commander-in-chief, a decision that drew applause from Wall Street last week. Now that the dust has cleared, the question is what does a Bush win portend for the market and the economy?

Investment firm U.S. Bancorp Asset Management, advisor to the First American Funds, projects that a Bush victory will send the stock market higher through the end of the year as cash moves off the sidelines. The Minneapolis, Minn.-based company had been predicting that simply getting the election over with would be a positive for the market.

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