Tag Archives: us midterm elections

[embedded content] Following the US midterm elections, Senior US Economist Thomas Costerg and Senior Cross-Asset Strategist Jacques Henry discuss the outlook for the US economy and markets. 

The gridlock produced the midterm elections complicates legislation, but our central scenario for the US economy remains unchanged.As predicted, Democrats gained enough seats in the House to form a majority (their first since Barack Obama’s first term). As also expected by polls, they lost seats in the Senate, where they remain a minority. With a Congress that will likely be gridlocked, legislation, including tax legislation, is likely to be meagre, leaving the US economy to continue to...

Political gridlock has been good news for US stocks in the past, but Tuesday’s midterm elections come at a time of rising doubts about market prospects.The US midterm elections take place on Tuesday 6 November. Based on recent polls, the most likely outcome is that the Democrats will regain a small majority in the House of Representatives, while the Republicans keep a small majority in the Senate.Should the Democrats take control of the House, Washington D.C. could be back to ‘gridlock as...