, giving their party control of the upper chamber of Congress and sealing the so-called blue wave outcome.
But by midday, all three major stock market indices were positive, perhaps a surprise considering concerns from some on Wall Street of short-term downward pressure in the market if Democrats won both races.
He said this election result "further supports" higher rates and a weaker US dollar in 2021; additional fiscal stimulus could reduce the appeal of the dollar as a safe haven and lift inflation expectations.CopperFinally, Zezas said tax hikes and regulation changes will be hard to implement with such a narrow lead for Democrats in the Senate.
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