Posted on 11/09/2022 6:55:46 AM PST by Oldeconomybuyer
NEW YORK (Reuters) - Investors on Wednesday are weighing a less clear outcome in the U.S. midterm election, as a better-than-expected showing by Democrats muddies the outlook for issues such as fiscal spending and regulation.
S&P futures were off about 0.5% on Wednesday morning, while the dollar rose against a basket of currencies. Yields on the benchmark U.S. 10-year Treasury, which move inversely to prices, were higher.
"You're in a slightly different situation and it does look like the Biden Presidency has not been dealt a massive blow by these midterm elections, so the markets are in a wait-and-see mode," said Danni Hewson, financial analyst at AJ Bell in London.
While macroeconomic concerns and Federal Reserve monetary policy have been the dominant forces behind market moves this year, Capitol Hill politics could exert influence on asset prices.
Analysts have forecast that equities would react negatively if Democrats manage to maintain House and Senate majorities, with Goldman Sachs analysts saying that there would be risk of additional corporate tax increases weighing on earnings and risk of higher interest rates to counter probable additional spending.
A gridlock situation would be more positive, analysts have said.
"For the markets, a gridlocked administration should be positive for equities, given that it makes the Fed's task that little bit easier," said Stuart Cole, head macro economist at Equiti Capital.
(Excerpt) Read more at news.yahoo.com ...
Well I expect an announcement about a recession soon so Joe can save us all by 2024!
Killing babies trump the economy and inflation. The average I.Q. of people living in this country, whatever it is, is now down to single digits.
Your post and your tagline are in conflict with one another.
It wasn’t low IQ voters, it wasn’t abortion. It was theft and theft alone.
Oh come on.
The more guv regulation the better for the big investors...
Tamps down the startups and other little guys
Keeps power where it is already
Oh it is clear! Biden feels vindicated and the dems are celebrating. The so-called Red Tsunami was barely a red trickle. Expect more runaway inflation and higher gas prices, both of which will be "justified" by the so-called voter validation of Biden's disastrous policies.
The country elected a retard. Now, PA has made a retard their senator.
Turns out the move Idiocracy was more of a prediction than a comedy. This country is beyond saving.
If McCarthy, there will be insufficient fight for change and investigations.
“Oh it is clear! Biden feels vindicated and the dems are celebrating. The so-called Red Tsunami was barely a red trickle. Expect more runaway inflation and higher gas prices, both of which will be “justified” by the so-called voter validation of Biden’s disastrous policies.”
The markets are not going to respond well to more government debt, more government overspending, and more inflation plus interest rates. 2023 is going to be a memorable economic year, but hopefully not like 1929. There is a reckoning coming, stupid decisions give you stupid prizes.
YA THINK!!!!!!??????
BTTT!!!
2023 will hurt everyone up and down the line.
Biden’s handlers will stop pulling oil out of the SPR. Expect for fuel prices to start going up again. Biden warned us about a long cold winter, now it will come true.
Whoever has been monkeying with the markets will leave it alone. YTD, all the markets are down, but in the last month, they have been rising. Expect that to stop quickly.
The border is still open and the tyrannical dimrat governors were reelected.
2023 will be rough.
Yup...cheaters won.
FedEx is parking its planes. Something very wicked this way comes.
Yes, Memphis International Airport, home to FedEx, is very quiet right now.
A gridlock situation would be more positive.
The last thing the democrats wanted it’s bad for their socialism agenda.
They have 5.5 million ballots to keep it on track for years.
I was 6 months from retiring but it looks like I will die before the market comes back.
BURN IT ALL DOWN.
“FedEx is parking its planes. Something very wicked this way comes.”
For real??? Or are you speculating?
Reduced levels of service. Increased prices. Furrow crews who can easily fill the commercial airlines crew shortages. FedEx pilots won't like it. The brass ring in pilot jobs is certainly not flying people on a scheduled carrier, it's cargo.
Reduced levels of service. Increased prices. Furrow crews who can easily fill the commercial airlines crew shortages. FedEx pilots won't like it. The brass ring in pilot jobs is certainly not flying people on a scheduled carrier, it's cargo.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.