Skip to main content
Tags: gop | victory | markets | win | impact | democrats | taxes

Experts: GOP Victory Would Have Mixed Impact on Markets

Monday, 25 October 2010 01:33 PM EDT

It’s always difficult to predict how Wall Street will react to political changes. And experts say the expected Republican victory in congressional elections next week could augur mixed results for financial markets, CNBC reports.

wall,street,gop,victory,house,senate,reaction“If the changes do come to fruition and the Republicans do gain the House and maybe even control of the Senate, the [stock] market will react positively toward that," says Peter Cardillo, chief economist at Avalon Partners in New York.

"It'll be positive in the short term, but in the long term it could have a negative effect. The Republicans will do everything in their power to stop excessive spending, and that means more austerity on the way. That could mean the market will have to take a different approach."

© 2024 Newsmax. All rights reserved.


Newsfront
It s always difficult to predict how Wall Street will react to political changes. And experts say the expected Republican victory in congressional elections next week could augur mixed results for financial markets, CNBC reports. If the changes do come to fruition and the...
gop,victory,markets,win,impact,democrats,taxes
124
2010-33-25
Monday, 25 October 2010 01:33 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
Get the NewsmaxTV App for iOS Get the NewsmaxTV App for Android Scan QR code to get the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved