MIDTERM ELECTIONS: WHY A SPLIT CONGRESS MAY BE THE BEST STOCK MARKET RESULT
The votes from yesterday’s midterm elections are largely tallied and it appears that Democrats have taken control of the House while Republicans have likely added to their control of the Senate. With a sitting Republican President, what does this mean for the markets going forward? To answer this question, we are well served to look back on similar times in our history. Looking at the data, it appears this might be a good outcome for the stock market. History shows that a divided congress typically produces double digit returns.
Below is an article that you may find helpful for more details.