• The S&P 500 will sell off initially if Republicans win the presidency or Senate, a Wall Street stock chief says

    8 days ago - By Business Insider

    BRYAN R. SMITH/AFP via Getty Images
    The S&P 500 will sell off initially if the Senate or Presidency remains Republican after the election, according to Stifel. In a Thursday note Stifel explained that the benchmark index may fall following this election outcome because hopes of a large fiscal stimulus will fade. The market has likely discounted a possible Democratic sweep, with an expectation of "big spending" in 2021 and 2022, said Stifel. Visit Business Insider's homepage for more stories. The S&P 500 will sell off if the Senate or presidency remains Republican after the election...
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  • A chief economist says Mitch McConnell expects Trump to lose the election - and breaks down why that means there will be no stimulus money until February

    8 days ago - By Business Insider

    Senate Majority leader, Mitch McConnell.
    REUTERS
    Mitch McConnell will not risk his Senate leadership by forcing fellow Republicans to back a big stimulus bill, as he expects Donald Trump to lose in November, Pantheon Macroeconomics chief economist Ian Shepherdson said on Thursday. "McConnell expects Trump to lose, and therefore for him to spend political capital to support Trump by forcing through a bill which would put his own leadership position at risk after the election, to me, doesn't make any sense," Shepherdson said at a webinar. The Senate Majority leader will not persuade his own...
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