US midterms fulfil market expectations, Discussion with Mark Sobel on US economy policy

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Commentary: US midterms fulfil market expectations

By Elliot Hentov in London

The results of the 6 November US midterm elections illustrate how President Donald Trump remains bound to historical norms around US voter preferences for shared power. That is the central insight from this result: the loss of total Republican control of Congress should somewhat constrain Trump’s potential for erratic behaviour. The initial market reaction has been positive, as the outcome fulfilled expectations. While...

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