Market Outlook

U.S. stocks were up as the midterm elections unravelled as expected. The major indices hit their session highs, reports CNBC. With a split congress, the trade war might be coming to an end.

Stan Wong on Markets after US Mid-terms

The U.S. Midterms last night were as expected. With uncertainty removed–and historic seasonality–the markets took off today. Also, the third year of a U.S. presidency also sees the strongest returns, averaging 14% (6% in the 4th year). True, US-China trade tensions, rising rates and peak earnings remain concerns, but he’s bullish. Investors have something to look forward to.

The situation is more bullish now, despite the trade tensions, rising rates and peak earnings. Things now look more positive for investors.