"Historically stocks have thrived in gridlock," said Joseph Song, U.S. economist at Bank of America Merrill Lynch. "Under a Republican president, a split Congress has been the best outcome, yielding 12 percent average annual returns for the S&P 500."
Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets, said in a note the market has been expecting this scenario and clarity on this front will be bullish. - Posted on : 05-November-2018
The midterm elections Tuesday have huge stakes not only for the future of health care, taxes and immigration, but also for the U.S. economy and investors.
Polls and forecasters suggest Democrats have a good chance of taking control of the House, while Republicans are favored to keep a slim majority in the Senate. But deviations from the expected outcome could have massive implications for investors.
Experts consider the GOP holding control of both chambers the second most likely outcome, followed by a Democratic sweep of Congress. It would be virtually impossible for Democrats to win the Senate without also gaining control of the House. - Posted on : 03-November-2018
With just four days left until the midterm elections, the latest opinion polls are indicating that the Democrats will take control of the House of Representatives, and the Republican Party will retain its narrow majority in the Senate-and possibly even expand it. However, many races across the country appear to be really close, which adds a good deal of uncertainty to the outcome.
Broadly speaking, the latest polls are suggesting that the Democrats are doing well enough in the suburbs and exurbs to pick up the twenty-three G.O.P.-held seats in the House they need to flip for a majority, and possibly a dozen or two more. In places like northern New Jersey, southeastern Pennsylvania, and Orange County, California, the suburban backlash against Trump seems to be holding up. But the Republican vote appears to have strengthened in areas of the country that Trump carried easily in 2016. This is shoring up G.O.P. incumbents like Ted Cruz, in Texas, and Cindy Hyde-Smith, in Mississippi, and endangering red-state Democratic incumbents, such as Heidi Heitkamp, in North Dakota, and Claire McCaskill, in Missouri. - Posted on : 02-November-2018
This senate election will show that who will be in majority in upcoming election for the uninted states senate. Whether it will be Trump side or not? - Posted on : 28-October-2018
The Senate is made up of 100 Senators with each of the US‘ 50 states having two representatives.
In order to control the Senate a party must have at least 51 seats with the Vice-President having a deciding vote in the event of a 50-50 split. - Posted on : 26-August-2018
Senator John Sidney McCain III died at 4:28pm on August 25, 2018. With the senator when he passed were his wife Cindy and their family, his office said in a statement.
At his death, he had served the United States of America faithfully for 60 years. Long-time critic Donald Trump was one of the first to send condolences on Twitter. - Posted on : 26-August-2018
Donald Trump and his legal team have hit back at suggestions he could soon be impeached, with his lawyer saying that the American people would "revolt" if such a move was taken.
Rudy Giuliani, the former New York mayor who is now a legal adviser to Mr Trump, said that it was "inevitable" any attempt at impeachment would fail.
Meanwhile Mr Trump himself claimed that the stock market would "crash" and leave people across the country "very poor" if he was ever forced from office.
He also did not rule out pardoning Paul Manafort, his former campaign manager found guilty of bank and tax fraud just two days ago who faces up to 80 years in jail.
The push-back came as new details emerged about the illegal hush money payments made to two women who claimed affairs with Mr Trump before the 2016 election. - Posted on : 26-August-2018
The White House has refused to say the 'press is not the enemy of the people', as relations between the Trump administration and parts of the media continue to sour.
A day after the president retweeted a video showing supporters at one of his rallies booing a CNN reporter and chanting "fake news", spokeswoman Sarah Huckabee Sanders was challenged several times to say she did not believe the media was an enemy of the American public. She declined to do so, instead reeling off a list of grievances against the press, accusing it of insulting her personally and saying she was the first White House press secretary to require Secret Service protection.
Later, Mr Trump weighed in on the issue in a manner that confused matters. In a tweet, he said Ivanka Trump had been correct when she said the media was not an enemy, but added: "It is the FAKE NEWS, which is a large percentage of the media, that is the enemy of the people!" - Posted on : 02-August-2018