(TargetLiberty.org) – A Fox Business panel on October 12 concluded that as long as the GOP keeps control of the Senate, the stock market will keep rising. Host Stuart Varney discussed the stock market’s current record-beating performance with investment expert Dennis Gartman, looking for an explanation of why it’s doing so well in the last weeks of a tense and bitter election campaign. Both agreed with Senate Republicans keeping a tight rein on spending bills, the markets will keep booming.
According to Varney and Gartman, who wins the White House race doesn’t matter much for stock prices; Trump would cut taxes, which is good for many stocks, while Biden will boost spending – which is good for different stocks.
Fox Business panel agrees that senate gridlock is great for stocks: "Nothing gets done" https://t.co/ItyYipxPdJ
— Newsweek (@Newsweek) October 13, 2020
The real danger both identified was a clean sweep, with Democrats scooping the presidency as well as both chambers of Congress. The swing to the Left that followed would be a disaster for business and could crash the stock market. If the American economy is going to keep growing, it’s clear what needs to happen – the Republicans have to keep control of the Senate.
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