![]() ![]() ![]() "The financial market reaction to a Republican win should be muted, as the House outcome is already widely expected, and the Senate outcome makes less of a difference to policy outcomes if Republicans control the House," Goldman Sachs' Jan Hatzius wrote in a Monday note. One wild card would be if multiple races that could determine control of Congress are too close to call, an outcome that could weigh on markets Wednesday. Overall, history shows markets tend to gain into year-end and up to 12 months following midterm elections as investors are relieved to get some clarity on future policy. The markets usually do very well when that happens," said The Wealth Alliance's Seth Cohan. "If we have a gridlock, that will probably be the best thing that could happen for the market. Investors tend to like the notion of gridlock in Washington with a divided Congress and president because it will limit government spending, new taxes and regulations. Market participants are expecting Republicans to take back the House of Representatives and possibly win the Senate as well when results start rolling in Tuesday night. ![]() All three indexes rallied for a third straight day. The Nasdaq Composite advanced 0.49% to 10,616.20. The Dow Jones Industrial Average gained 333.83 points, or 1.02%, to 33,160.83. midterm elections, which could affect future levels of government spending and regulation. ![]() Stocks rose Tuesday as investors awaited the results of the U.S. ![]()
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