November 7, 2018—Tuesday’s election delivered the result largely expected by us and the markets: a split Congress, with the Democrats wresting control of the House but Republicans retaining the majority in the Senate. Voter engagement was extremely high, with a record turnout for a midterm election. While it is unusual for the House to go one
October 29, 2018— The days are ticking down to what will likely be one of the most consequential elections in midterm history. Votes cast on November 6 could result in a change in control of Congress and help determine the national agenda for the next two years or even longer. In light of the impending
October 25, 2018 — Equity markets continue to exhibit significant selling pressure. Unlike the prior corrections in early 2016 and early 2018, the origin of this month’s rout in the stock markets is difficult to pin on any one factor. Instead, it seems to be due to a combination of a slight deterioration in the
