Currently, the analysts are expecting the Democrats to win the House while the Republicans will retain the Senate control. If this happens, the US will be in a gridlock and nothing bad will happen to the stock market as the US has been through a political gridlock numerous times.
However, the other negative scenario will be either party gains control of both the House and the Senate. If Trump gains control of the two, he will continue to pursue his "American First" policies more aggressively which include protectionism and unilateralism. If the Democrats gain control of the two, Trump will be encountering a political impasse and he will just become a useless President because the Senate and the House will reject and terminate his policies. Either way, this will cause a lot of stock market volatilities.
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1 comment:
https://sg.news.yahoo.com/instant-view-investor-reaction-democrats-capture-u-house-052155231.html
The result is out!
Democrats take control of the house of representatives.
Republicans will take control of the Senate.
This is the outcome everyone expected and this outcome is not negative for the stock markets.
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