New All-time Market High

Republicans could make a clean sweep.

PRE-OPEN MARKET COMMENTS WEDNESDAY - Trump won the election handily and it's been a long time since Republicans won the popular vote. They flipped the Senate and it's possible that they retain control of the House. The market is making a new all-time high and much of the move this morning is a relief rally. I referenced this pattern over the last six elections in my comments yesterday. The biggest market threat in my opinion would have been a dead heat with recounts and uncertainty. The debt ceiling has to be raised this year and a clean sweep would mean that this process could be relatively painless.

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