JUST IN:
President-elect Trump appoints Elon Musk and Vivek Ramaswamy to lead Department of Government Efficiency (DOGE). #elonmusk #doge
There are a record 23,470,000 government workers
(80% of that is 18,776,000...) #elonmusk #doge Source: www.zerohedge.com
Republicans officially retain control of the U.S. House, giving the GOP a Trifecta; Control of both chambers of Congress and the Presidency.
The Republicans have won control of the U.S. House of Representatives after the party took 218 seats in national elections, according to a Decision Desk HQ projection on NewsNation. Source: @america
Are you wondering why US smallcaps are surging?
As highlighted by GS: GOP House control could enable corporate tax reform, potentially reducing the tax rate from 21% to 15% and increasing EPS estimates by 4%. Source: Mike Zaccardi, CFA, CMT, MBA, GD
Trump win over Harris in one map
Source: Michel A.Arouet
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 double-whammy for Europe: tariffs on US exports + increased defence spending...
Source: The Economist
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
