I am surprised that the stock market did not respond to the election results posted yesterday.
This quote sums up the reason why there is not much o a response:
"While considerable ink will get spilled on the elections, global investors are more focused today on the Fed."
Kansas, Dave, 2010. Markets cautious, await fed move. The Wall Street Journal, Nov. 3.
The political effect on stock and bond prices is always difficult to project. I think the author of the above article does a great job of analysis regarding the medium term effects.
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