“The US midterm elections delivered their expected result overnight on Tuesday, as Democrats wrestled back control of the House of Representatives in a shift that is likely to frustrate President Donald Trump’s policy agenda for the next two years. But the so-called blue wave failed to materialise in full, with Trump’s Republican party keeping control of the US Senate. Markets appeared to have largely priced in the results, with US stock futures up and Asia stocks also rising in Wednesday trading.”
USAGOLD note: Various fund managers from the City of London offer their views on the election effect. . . . .An interesting range of opinion from across the pond.