What Do the US Mid-term Elections Mean for Investors?

Rathbone's Ed Smith explains the result of the US mid-term elections and what it means for both the economy and the stock market

Rathbones 7 November, 2018 | 10:40AM

 

 

Edward Smith: So the final votes are still being counted, but it's clear that the Democrats have retaken control of the House, while the Republicans have actually extended their majority in the Senate. What does this mean politically? Without the House majority, Trump's or the Republicans’ legislative agenda is likely dead in the water. Basically, anything that requires government expenditure or revenue needs a House majority. So that likely means no major further tax cuts, no cuts to Medicaid or food stamps and no tinkering around with Obamacare.

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Rathbones  provides investment management services for individuals, charities and professional advisers

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