Split Congress Historically Bullish For Equities

Published 08/11/2018, 09:43 am
Updated 09/07/2023, 08:32 pm

Originally published by Rivkin

The major US indices rallied 2% respectively during last night’s trading session, with SPI futures up 39 points to 5902 at 8.10 AEDT we expect a strong day for the Australian market. This follows news of a potential split congress which has historically been bullish for equities. Given uncertainty around the midterms is now officially over investors should not expect any serious policy changes over the next two years – following the steep selloff in October the S&P 500 is now only down 5% from its record highs.

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