Business
Wall Street likes gridlock, regardless of who is in the White House – Sydney Morning Herald
Financial markets were initially unsettled but warmed to the Republicans’ retention of their Senate majority, the prospect of a gridlocked Congress and the retention…
Initially Wall Street was enthusiastic about the prospect of a decisive Democrat win, with stock futures spiking in anticipation of the massive stimulus flowing from the Democrats COVID relief spending and their multi-trillion dollar clean energy plan.
As it became clear, quite early, that the Blue Wave wasnt even a ripple indeed, early in the evening, there was a very real prospect of a Trump second term that excitement evaporated, only to be quickly rekindled when it emerged that the Republicans…
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