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Political risk is in Europe, not in the US
The three-year-old union between Scholz’s Social Democratic Party (SPD), the Greens and Lindner’s Free Democratic Party (FDP) had been on shaky ground for some time. Chancellor Olaf Scholz said he would call for a confidence vote on Jan. 15, raising the possibility of elections earlier than scheduled in March. Source: FT, CNBC
A Split Congress Tends To Be The Best For Stocks
This year will be the 13th year in a row stocks didn't fall when there was a split Congress. Source: Carson, Ryan Detrick, CMT
When Previous Presidential Election Results Were Called
Source: DeItaone (@*Walter Bloomberg)
New York Post Cover
Pretty well overall, but also up the past five elections. Source: Carson, Mike Zaccardi, CFA, CMT, MBA
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