WS #16832
Democrats have taken full control of Congress following the midterm elections, initially sparking a market sell-off and a dip in the US dollar as investors priced in potential policy shifts. While futures have stabilized, the political uncertainty continues to pressure risk assets like Bitcoin, which dipped below $76K. The market is now assessing the impact of divided government on fiscal policy, with implications for tax rates, regulation, and infrastructure spending.
US Midterm Elections & Political Shift
Democrats have taken full control of Congress following the midterm elections, initially sparking a market sell-off and a dip in the US dollar as investors priced in potential policy shifts. While futures have stabilized, the political uncertainty continues to pressure risk assets like Bitcoin, which dipped below $76K. The market is now assessing the impact of divided government on fiscal policy, with implications for tax rates, regulation, and infrastructure spending.