Midterms look positive, China looks even more positive
Midterm results positive; Disney 4Q22 miss; Main buyers of China are from mainland
US futures edging higher as election results stream in. Looks almost certain of either a Republican sweep or a split house (R) and senate (D). The NYTimes has a great tracker:
WSJ:
A Republican win in one or both chambers of Congress is likely to lead to policy gridlock. In turn that could mean:
A modest stock-market rally, as investors welcome a lack of m…
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