But it’s worth noting that in every election, we get a winner.Election jitters will fade to a bullish tailwind.The legislative quiet that follows midterms – whether it’s the president’s enemies who have regained control of Congress, or it’s Congress getting split between two parties – zaps uncertainty around new, controversial laws that always create winners and losers.
Further, most presidents shun major legislation as re-election bids near, lest they irk large swaths of voters. Hence, after two years of mega-spending bills, this year features mainly social and foreign policy chatter.