How the U.S. midterms could ripple through the stock market By Reuters

NEW YORK - Investors are turning their focus to Tuesday’s U.S. midterm elections, which will determine control of Congress and could spur moves in everything from energy companies to cannabis stocks.

Republicans have picked up momentum in polls and betting markets and analysts see a split government - with the GOP winning the House of Representatives and possibly the Senate - as the likely outcome possibly hindering Democratic President Joe Biden's agenda. Traders also appear to be leaning toward a Republican win: a basket of stocks and other assets tracked by advisory firm Strategas that would be expected to do well after a Republican victory have outperformed a counterpart Democrat portfolio, indicating a roughly 70% chance that Republicans win both the House and Senate.

A split government could result in political gridlock that stymies major policy changes, an outcome that investors see as favorable for equities. Regardless of the winner, past midterm elections have ushered in a period of positive market performance, something investors would welcome after a year in which theDivided government could also, however, pave the way for partisan standoffs over raising the federal debt limit that could usher in worries of a U.S. default.

Defense spending is expected to rise regardless of how Tuesday’s vote plays out, given geopolitical tensions such as the conflict in Ukraine. But a Republican sweep sets the stage for spending to rise"significantly," according to UBS Global Wealth Management, versus"moderately" if Democrats retain one or both chambers of Congress.

That's over 200 years between them. Let's get some fresh outlook on the future termlimits youngblood

face it Wall ST , wants no regulations, , low taxes for wealthy , low corp. taxes , no over-sight an divided Govt. an they blame inflation on socialist spending thats a lie , an they want political control to Maga the worst party in American history that caused an insurrection

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How Elon Musk's Twitter acquisition may affect the midtermsThe changes Musk has made to Twitter over the past week could weaken its safeguards for elections, just before the midterms are set to take place. Haaaaa
Source: ABC7NY - 🏆 592. / 51 Read more »

How Elon Musk's Twitter acquisition may affect the midtermsAfter Elon Musk laid off thousands from Twitter's staff, worries amass about how the platform will handle misinformation ahead of the 2022 midterms. The Dems are all of sudden worried about voting machines too, I hear. Well there are only 23 hours left so .... It's not Twitter's job to monitor misinformation.
Source: ABC7Chicago - 🏆 284. / 63 Read more »