Investors Turn Skeptical of Democratic ‘Blue Wave’ Victory in U.S. Elections
- Some analysts question if Democrats will win control of Senate
- Tech, growth stocks both outperformed other sectors on Monday
Oct. 12: Markets Prep for ‘Mighty’ Stimulus in Blue Sweep: Rooney Vera
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Markets are turning increasingly skeptical about the chances of a “Democratic sweep” in November’s U.S. elections. And that’s bad for almost all asset classes.
When Democrat Joe Biden’s poll numbers increased, numerous strategists started talking about the idea of a “Blue Wave,” where his party would retain control of the House and win the Senate. That prospect could be favorable to markets as a Biden presidency is seen adding to the odds of a fresh round of fiscal stimulus.