Certain stocks and sectors could see a boost now that the special counsel investigation is over, allowing an unfettered President Donald Trump to turn his focus back to policy-making, both against and, in some cases, with the Democrats, analysts said.
However, infrastructure is still on Trump's mind. The President said just last week that he and House Speaker Nancy Pelosi are still talking about an elusive infrastructure deal. However, a large bipartisan infrastructure bill is unlikely if Trump uses the Mueller outcome against the Democrats, and they in turn keep their intense investigations of the president.
A divided government post 2020"reduces market perception of single payer risks," said Lance Wilkes, equity analyst at Ab Bernstein, in a note."We see continued pressure on drug prices and middlemen, ongoing Medicaid expansion at a state level, and the potential for stabilization of public exchange funding and policies."
Stocks overall have had an epic run since Trump's election at the end of 2016, with the S&P 500 gaining more than 30 percent as Trump's overhaul of corporate taxes gave an unprecedented boost to corporations. One of the biggest winners has been defense stocks as the White House continuously upped its military budget over the past two years.
You know who had balls... Bill and Hillary sitting for questions. That's courage!