November 7, 2018 08:27: Waiting for the results of the U.S. midterm elections [From Tetsu Emori’s newsletter]
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From the real-time trading strategy newsletter “Tetsu Emori’s Real Trading Strategy” by Tetsu Emori, provided by GogoJungle, here is a small excerpt from this morning’s dispatch. This time, about the U.S. midterm elections, which are expected to reveal the outcome soon.
The focus of this election is whether the ruling Republican Party can maintain its majority in Congress. According to analyses from various polling organizations so far, the expectation is that the Senate will be controlled by the Republicans, while the House of Representatives will be retaken by the opposition Democrats.
If a “divided government” actually occurs, it could be interpreted as a vote of no confidence in the Trump administration, which has been pushing for economic stimulus, and there could be a temporary easing of interest rates and stronger dollar-selling pressure.
There are various views on how the election results will affect the market, and there is a possibility of confusion once the results are known.
Quoted from “Tetsu Emori’s Real Trading Strategy” (Tetsu Emori).
We have been in a wait-and-see stance, so after this there may be sharp price movements. If you’re trading, it’s better to wait and watch the market’s reaction. (Editorial staff)
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