As Americans prepare to go to the polls in
what is likely to be one of the heaviest turnouts ever for a midterm election,
mutual fund company Oppenheimer released a research note regarding midterm
elections and their effects on the market.
They note that midterm elections rarely favor the political party of the
sitting President. Their research notes
the party of the President almost always loses House and Senate seats in the
first midterm election, even if the President is relatively popular. Many investors fear that if Republicans lose
control of the House it would derail President Trump’s pro-business agenda and
bring an end to the current historic bull market. However, the Oppenheimer report showed that
of the 15 times that the House changed the party in control at midterm
elections, 12 (or 80%) of the following years were positive, and that overall
78% of the years following midterm elections were positive.
Bloomberg by Brian K Sullivan Another wave of tornado-spawning thunderstorms is set to rip across the Great Plains and South this week, putting the U.S. within reach of a record year for life-threatening twisters. Severe storms will drench a swath of the country from Texas to Mississippi over the next five days, according to the U.S. Storm Prediction Center. Through Thursday, 369 tornadoes have been reported across the country, the most in five years and more than double the normal number of sightings. An active jet stream and unusually balmy weather are to blame for the burst of deadly tornado activity, the storm prediction center said. Strong winds have dragged storms into the warm, humid air that’s blanketed the eastern half of the nation, creating conditions ripe for a weather phenomenon that leads to at least $400 million in damage a year in the U.S. “We have a severe threat starting today and continuing for each of the next five days through at lea...
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