First Quadrant Insights: Congressional Gridlock And The Market
Last month, the US inaugurated a new Presidential administration and a new Congress. Though Democrats now control both the Executive and Legislative branches, the party’s advantage is narrow in each chamber of Congress. As we transition to a new political regime, I wanted to take a quick look at the possible relationship between market returns and concentration of political power (without focusing on a particular political party). I am hoping to put together a series of posts looking at the relationship from different angles, with this first one focused on potential implications for public equities.
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