Midterm election results will overshadow this. If the reps get a sweep, hoo boy, watch that VIX spike!
As long as they are not many ... Trumpie wingnuts. Thing is from what I've read over the last year or so not many R candidates seem to be of the other traditional sane variety.
(Bloomberg) Midterm bets Treasuries are expected to rally if Republicans win control of both the House of Representatives and Senate, according to 43% of 429 market participants polled in the latest MLIV Pulse survey. On the other hand, if Democrats hold on to the Senate and the House, 39% of respondents say the dollar will extend its streak of gains. Some investors also believe equities will perform better under a GOP majority in both chambers than maintained control by Democrats or a split Congress.
As I expected on the RTH open weakness with NQ. Both ES and RTY made higher highs during Globex with NQ lagging behind like it has done for days and days, if not weeks.