Forbes is reporting that the midterms elections largely followed expectations. With congress in gridlock, it could be favourable for investors. However, the effects of the tax cuts are waining and further tax cuts aren’t expected. For this reason, many investors are starting to look outside of the US for value stocks.
Rick Rule on Market Rebound
We could see a rally because of the liquidity due to the tax cuts and the low interest rates. A gridlock for Washington might good for the markets as non of the parties would interfere.