Stock Markets Enjoy the Zogby Bounce
Last week, we saw major polls increase the chances of Republicans winning all of Congress in the 2022 mid-terms. Stocks have always responded positively to the prospect of a divided government, and this time is no different. Anyone claiming the GOP is a bunch of bull may have a point. From July 26 to October 17, four months, the projections favored a Democrat victory. Even as half the country relishes the prospect of one party controlling the presidency and half the legislature, stock markets are historically bearish on such developments.