Midterm Elections Could Boost Or Hinder Energy
View Source | November 8, 2022 1:00 am
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- With the S&P 500 declining nearly 21 percent in the past year, investors appear to bet on a Republican win.
- A basket of stocks and other assets tracked by advisory firm Strategas that would be expected to do well after a Republican victory have outperformed a counterpart Democrat portfolio, indicating a roughly 70 percent chance that Republicans win both the House and Senate.
- Defense spending is expected to rise regardless of which party takes power, signaling a positive future for shareholders.
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