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I posted on the weekend thread about possible impacts on the...

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radx

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07/11/18

15:02

Post #: 36419807
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Originally posted by Bugsam ↑

Originally posted by radx
Republican party is currently out in front.
Futures markets are up.
If the Republican party win the House it should be very bullish for markets.

Still early but given the weaker than expected Democrat votes, it is looking more and more likely that Republicans will win the House and retain the Senate.

View attachment 1356297
Battle of the house could go down to the wire? Around half of races called, and have flipped around half the seats required. A lot of those toss up races too close to call. Never expected the Senate to be flipped myself, not sure what the market reaction will be if the senate and house a split.

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I posted on the weekend thread about possible impacts on the market based on the outcomes from the elections for anyone that missed it.
https://hotcopper.com.au/posts/36384191/single

As I said in my weekend post @Bugsam
I think markets will initially fall, maybe for a day or 2 but once the initial shock has passed investors will hopefully realise that Trump is now in a weaker political position than before so he may be more then willing to make a deal with China and hopefully end the Trade Wars to some degree...

Democrats win the House
- Bullish for Gold
- Bearish for markets short term (Bullish longer term)
- Bearish USD

Last edited by radx: 07/11/18

XAO Value at posting: 5,973.3
5 Upvote

0 Great analysis

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