The results of Tuesday's election are still murky, but strategists are betting there will at least be a thin Republican majority in the House of Representatives to block any big Democratic spending programs. That would be viewed as a positive by markets, which generally view gridlock in Washington as a good thing and clearly prefer divided government to the current Democrat-controlled Congress.
As long as the Republicans control one body, and they could end up controlling two, every bill has to pass the House and Senate and Republicans will insist on certain reductions," said Block. Positive for energy Block said Fundstrat's analysts do see potential positive impacts on the energy and defense sectors. Republicans are expected to favor spending more on defense, and they would support legislation to speed up permitting for oil and gas firms.
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market would see Satan as a positive if it had a positive impact on its precious stocks. never mind what it means for the country.
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