Midterms Stock Market Prediction: History Suggests Gridlock is Good for Stocks
It looks like the chaotic midterm elections are finally coming to a close. The Democrats will retain a slim margin in the Senate. In surprising news, the Republicans will control the House of Representatives for the first time since 2007. Let’s take a look at the midterms stock market prediction.
As a result, one of the greatest stock investors of all time, Nancy Pelosi, will lose her post as Speaker of the House.
As you probably don’t care about Pelosi being gone, nor should you, let’s see how the the Midterms will impact the stock market.
Midterms Stock Market Prediction
Midterm elections: What 60 years of stock market data says https://t.co/jA0m35lQ99 by @BrianSozzi
(Table source: US Bank) pic.twitter.com/moIVvuMlSz
— Yahoo Finance (@YahooFinance) November 9, 2022
According to the above tweet from Yahoo Finance, investors can finally sleep easier at night. In addition to controlling the House, the Republicans can finally block some of President Joe Biden’s extreme proposals. They can also block his expensive relief packages.
This could result in inflation continuing to decline, which could encourage investors to buy back into the markets.
When Joe Biden was first “elected” President, the markets reacted well throughout his first year in office. In all honesty, I wasn’t too upset with how things were going.
Things slowly changed though with prices for household goods and groceries beginning to increase.
As a result, stocks slowly decreased starting in December of 2021. The writing was on the wall with President Biden’s declining health.
Not to mention, corrupt politicians using geopolitical crises to line their own pockets.
Even in recent weeks, the FTX news, made it crystal clear that we need a leadership overhaul in the US.
Luckily for investors, it seems like a lame-duck President is in our best interests now.
How do you think the midterm results will impact the stock market?
