America has voted and the midterm elections are largely behind us, although we may still see a runoff election on December 6 in Georgia. The result is likely unsatisfying for either party, Republican or Democrat. While the Democrats did better than expected, the Republicans appear to be taking a slim majority in the House of Representatives and the Senate is too close to call right now (currently split 48-48 with 4 seats to be decided). Either way the political ads dominating the airwaves are behind us, and the focus can shift back to what drives markets: the economy and corporate earnings.
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