Much of the election’s impact on the stock market will depend on whether the Republicans retain control of the Senate as Democrats would then be less likely to enact major economic changes.
Some finance executives and analysts are warning that if the Democrats sweep the White House and the Senate in November, increased regulation and higher taxes would be bad for businesses and could negatively impact the stock market.
“If it looks like the Senate stays Republican than there’s less to worry about in terms of policy changes,” Liz Ann Sonders, chief investment strategist for Charles Schwab, told CNBC.
So it is a sway process. Tax or no tax.
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