On the eve of Election Day 2022, will the Republicans retake control of the House and Senate? Will the Democrats declare a Republican victory as a result that destroys democracy? How will the financial markets respond?
The next 48 hours should be fascinating.
Anyway, according to FiveThirtyEight, here is what the analysts are anticipating:
2022 Senate Forecast: The U.S. Senate is a “toss-up” and a “dead heat.”
2022 House Forecast: Republicans are “favored” to win the House, with 246 seats.
Meanwhile, President Joe Biden’s approval rating is at around 42 percent.
What does this mean for stocks? RBC’s Lori Calvasina said in a note that “the conventional wisdom that the stock market likes political gridlock is supported by the historical data in this instance.”
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