We are now in front of door #237...
- Thread starter Overnight
- Start date
Personally I think it's unlikely to cause much of a move one way or the other unless something completely shocking and unexpected happens. Like maybe the dems getting the Senate or something no one is calling for.
The market typically likes a divided Congress because of the gridlock it creates. For DC to be in a stalemate and just yelling at each other every day means no new laws get passed - which means no changes - which means stability and a predictable near term future. Most corporations seem to value stability over most everything else because it allows them to plan and execute with some level of certainty about the rules and playing field.
I seem to have read some years back that a divided Congress was better for markets than any other setup.
The market typically likes a divided Congress because of the gridlock it creates. For DC to be in a stalemate and just yelling at each other every day means no new laws get passed - which means no changes - which means stability and a predictable near term future. Most corporations seem to value stability over most everything else because it allows them to plan and execute with some level of certainty about the rules and playing field.
I seem to have read some years back that a divided Congress was better for markets than any other setup.