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Election Day 2018

Four hundred and thirty-five seats in the House of Representatives are up for grabs, while 35 of the 100 Senate seats are also on the ballot. Betting markets have suggested that Democrats will gain control of the House, but Republicans will keep their grip on the Senate. The vote is expected to draw historic numbers to the polls and could spark further volatility in the wider financial markets.

Schwab's Vice President of Legislative and Regulatory Affairs, Michael T. Townsend thinks that a Democratic victory in the House is what the markets are expecting. He adds that if Democrats win a majority in the House, expect a lot of investigations in 2019 of the president and efforts to roll back some of his legislative accomplishments of the past two years. But he points out that those efforts are not likely to succeed because of a narrowly divided Senate and the fact that the president still wields the veto pen. That’s why Michael thinks the markets are anticipating more gridlock in 2019, and he does not expect a big market reaction to the election outcome.

Investor's Business Daily: Tuesday's midterm elections likely will be a market driver later this week, which could make for a relatively subdued Tuesday session.

Some stock market pundits argue that GOP control might be best for Wall Street. Historical data suggest a divided Congress spurs the best stock market returns.

Let the market's collective wisdom sift through the election returns. Dow Jones futures could be volatile Tuesday night, but that's not necessarily indicative of how stocks will trade Wednesday. Keep in mind that Dow Jones futures crashed 800 points on election night when Donald Trump pulled off the upset, but rallied for a 1.4% gain Wednesday.

What's at stake for the military

Seeking Alpha: Midterms and Markets


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What happened when a Trump Supporter Challenged Me About the Wall

Vicky Alvear Schecter wrote in Medium | Poltics on Dec. 27, 2018 using her headline above. I thought it was pretty well written -- at least she made an attempt to keep her liberal bias out of it -- regardless of a few illogical fallacies

But she does make an attempt, in an effort to avoid her liberal bias, as she ponders  " order not to be accused by bias, I explained that I would only use conservative sources to prove my point."

To me, that's bias to start out with that premise. And I believe her premise is that she is against the wall. That's her stance. But she makes some good points, but some are skewed, even though she attempt to take a "conservative" approach, even by citing some "conservative" sources in her footnotes.

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IndexNov 2Nov 9+/-%S&P 5002,723.062,781.01+ 57.95+ 2.12%Nasdaq7,356.997,406.90+ 49.91+ 0.67%DOW 3025,270.8325,989.30+ 718.47+ 2.84%
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The weekly chart of the SPY still indicates a long position in the broader market. (The blue line is the 34-week moving average; the red is the 13-week moving average).

While the U.S. economy still seems to be just fine from most reports, investors seemed to worry about a couple of things on Thursday and Friday: 1) The Eurozone, 2) trade with China, and 3) the Fed and interest rates. Another topic of interest has been oil. 

First, it seems that the Fed has really not indicated …

U.S. Top Oil Producer, Thanks to Obama

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The U.S. is now the largest oil producer in the world, according to the EIA, producing some 15 million BOE per day, surpassing Russia and Saudi Arabia. (Remember back when Jimmy Carter said in 1979 the answer to our energy problems was to wear a warmer sweater...but you probably don't. He actually said this on national TV).

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