Oct
17
Wall Street Is Starting to Talk About a Big Democratic Sweep in November
ByWill division in D.C. take a breather?
With Clinton strengthening her lead on Trump, Wall Street strategists are wondering if a Democratic sweep is a possibility in D.C. next month. Markets have performed very well under the gridlock of the last several years, so theoretically a sweep by one party or another could disturb that status quo.A note out from Morgan Stanley this morning sheds more light on what Wall Street is now expecting come November. Throughout the election cycle, they had by and large predicted that Clinton would win the presidency, but fail to gain control of both chambers of Congress. They also expected that if Trump were to pull off an upset, he could see a Republican sweep, leading to the prospect of less gridlock in D.C. In recent weeks, however, Clinton’s gains have led some to ask if a win by her would also be able to see a Democratic sweep. The team at Morgan Stanley, led by Michael Zezas, says not so fast…
Wall Street Is Starting to Talk About a Big Democratic Sweep in November
