view as alarming results in two U.S. Senate runoff elections in Georgia. Democrats already appear to have won one seat, with Rev. Raphael Warnock defeating incumbent Sen. Kelly Loeffler; if they take both, giving Vice President-elect Kamala Harris a tie-breaking vote and Democrats control of the Senate, it could get ugly—albeit briefly.
Make no mistake: Based solely on historical market performance, the best-case scenario for investors appears to be if the GOP retains at least one seat and control of the Senate; if Republican Sen. David Perdue manages to hold on to his seat , it sets the stage for a split Congress under a Democratic White House. There’s only been one period since 1944 with a Democrat in the White House and a split Congress and the S&P 500 averaged a hefty 13.
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