We are now in front of door #237...

Discussion in 'Trading' started by Overnight, Nov 2, 2018.

  1. Overnight

    Overnight

    US midterms on Tuesday, Nov 6th. Until at least Wednesday, stay OUT of room 237 (all indices). You hear me? Stay OUT!

     
    fan27 and fordewind like this.
  2. themickey

    themickey

  3. ktm

    ktm

    Personally I think it's unlikely to cause much of a move one way or the other unless something completely shocking and unexpected happens. Like maybe the dems getting the Senate or something no one is calling for.

    The market typically likes a divided Congress because of the gridlock it creates. For DC to be in a stalemate and just yelling at each other every day means no new laws get passed - which means no changes - which means stability and a predictable near term future. Most corporations seem to value stability over most everything else because it allows them to plan and execute with some level of certainty about the rules and playing field.

    I seem to have read some years back that a divided Congress was better for markets than any other setup.
     
    tommcginnis likes this.