Well it looks like the dems will take the senate and have their blue sweep. This is causing a big rotation in the market today, with the Dow, small cap and value stocks WAY UP while technology stocks are getting crushed. The idea is that smaller companies will benefit from the dems blank check policies and that big tech will pay the price on new regulations, higher taxes, etc. We'll be making portfolio adjustments today to align with the new kids on the block. To quote Bob Dylan, The Times They Are a-Changin'. Remember, the market doesn't care who's in office, all that matters is being on the right side of the trade.
This new development should benefit IWM, Solar names, EV names and Banks Stocks.