Why the Georgia Senate run-off election could turn into a ‘big deal’ for markets

MarketWatch/Sunny Oh/1-2-2020

cartoon showing a broken down tow truch pulling a disable economy

“Market participants say any complacency among investors could be misplaced, since if the Democrats win both senate seats, then the incoming administration of President-elect Joe Biden would have control of both chambers of Congress and may move to reverse the corporate tax cuts of 2017, putting company earnings and stock prices under some pressure.”

USAGOLD note: Normally we stay away from politics here at USAGOLD, but the results of this election are likely to figure largely in financial markets in 2021 and in the years to come. At the moment, the two Democrats have thin leads according to polls tracked at RealClearPolitics. Winning both Georgia seats would split the Senate 50 seats each with Vice President Kamala Harris in position to cast the deciding vote.

Share
This entry was posted in Today's top gold news and opinion. Bookmark the permalink.