Yesterday's post-midterms increase was bigger than the average increase that most of the times occurs. Goldman Sachs recorded that the S&P 500 has an average profit of about 0.7% between the day before the elections and the day following midterms. Yesterday the day scored the biggest post-midterms increase for both the S&P 500 and Dow since 1982, when the indexes surged 3.9% and 4.3%, respectively. Trump said in a news conference "Hopefully we can all work together next year to continue delivering for the American people, including economic growth, infrastructure, trade, lowering the cost of prescription drugs,” "The Democrats will come to us with a plan for infrastructure, a plan for health care, a plan for whatever they're looking at and we'll negotiate."
Fed rate decision in focus today
Daily Analysis - 08/11/2018