11-10-2020, 11:09 PM
(11-10-2020, 11:16 AM)DJC link Wrote:The Senate is tied at 48 each and won't be finalised until run-off elections are held. Whichever party wins will have a small majority and, as we know, voting on party lines isn't a thing in the USA. Interesting times ahead and hardly the stuff to encourage the Dow to rise.Actually, this is the stuff that makes the DOW rise.
The Dow dislikes uncertainty.
A republican or Democrat majority with same president in power, leads to volatility, policy creation on the run, and a lot of undoing of previous implementations surrounding tax law, fiscal stimulus, strategy regarding environment, energy, war etc etc etc.
When the senate is split, there are a lot more checks and balances, and voting that eradicates the volatility, and the DOW likes that more than any party or person elected, because they know that the next 3 years will look roughly like the last 3 years.
"everything you know is wrong"
Paul Hewson
Paul Hewson

