TradeSignalosDemocrats win historic midterm victories as Wall Street rises at the open
President Trump again insisted that Republicans would have won if he had been on the ballot, despite historic losses, saying voters 'just couldn't transfer that love.' He also acknowledged that the Iran war is unpopular. Democrats scored historic victories in the midterm elections and secured control of Congress. At the open, the Dow Jones rose 2%, while the Nasdaq and S&P 500 each gained more than 1%. The article notes that stock futures had fallen sharply overnight before this reversal.
📊 What it means for markets
Major shifts in Congressional control can affect expectations for fiscal, tax and regulatory policy, which markets often weigh. Effects on gold, oil, USD, EUR and crypto are usually indirect and uncertain, though the Iran war may matter more for oil.
Source: The Guardian
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