Christmas Features 2018 

US equities: losing their bite

US equities: losing their bite

Losing control of the House of Representatives in November’s Congressional mid-terms was a blow to President Donald Trump, but the Republicans did hold the Senate. The elections had little to do with the economy – on a low turnout those most brimming with indignation over the Supreme Court nominee – Brett Kavanaugh controversy helped swing the lower house Democrat blue – but the result may well turn out to be one of the few boons for corporate America in 2019. For all his gauche bluster, President Trump has shown himself to be much more of a pragmatist than he is given credit for. The mid-terms were not the major setback the president’s detractors hoped for, but the result is cause to consider how certain policy objectives, that in the short term could have an economic cost, are pursued.

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