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Trump could lose GOP control of both the House and Senate in tomorrow’s midterms, with Decision Desk HQ putting the odds at 63%.
History suggests Wall Street might welcome the result.
The S&P 500 has gained in the year following each of 7 selected midterms under GOP presidents since 1954, including elections when Dems. controlled Congress.
Investors sometimes favor divided government because it makes major policy changes harder to pass.
Across 9 midterms from 1990 to 2022, the S&P 500 gained an average of 14.46% over the following year.
Congress could turn blue while Wall Street stays green.
Source: Franklin Templeton, Decision Desk HQ / Writer: Marie
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#SupremeCourt #California #midterms
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