Gridlock Congress, Catapulting Stocks

By Timothy Sykes

Last updated on February 2, 2021
Gridlock Congress, Catapulting Stocks Thumbnail

Stocks are still riding the post-election wave…

Leading up to the election, the Dow had some of its biggest losing days in months. After Election Day, the markets eased up and could reach major highs once again.

The S&P 500 rose 1.9% today and is on track for its biggest weekly gain since April.

At writing, NBC News reports Joe Biden leads Donald Trump 253 to 214.

Regardless of who wins, the next president will likely inherit a divided congress — and markets are banking on it.

A gridlocked Congress occurs when the House of Representatives and the Senate are controlled by different parties, or the president is in a different party.

The last time Congress looked similar to the one we could end up with in a Biden win scenario was from 2001–2003, when President George Bush was dealt a Republican House and a Democratic Senate. Over those two years, the Dow lost 20% and the Nasdaq was cut in half, but this was also right after the 2000 tech bubble burst.

Right now, we’re seeing big tech names like Facebook and Amazon catapulting upward because a split Congress could mean these companies will avoid greater regulatory scrutiny. Healthcare stocks are also jumping because of the reduced likelihood of any drug pricing reforms.

With all eyes on battleground vote counts, the nation anxiously watches and waits.

The “Secret Software” Traders Use to Find Stocks Poised to EXPLODE…

What happens when two expert stock market analysts give you hand-picked market news every trading day — before the mainstream media?

Let’s just say it’s NOT something you want everyone else to find out about…

Try it now for 14 days (for only $17)

STT Breaking News blog banner

Posts contain affiliate links. may get compensated for affiliate posts and purchases through links.


How much has this post helped you?

star star star star star
Comments (1)
Author imageTimothy Sykes
Hey Everyone,

As many of you already know I grew up in a middle class family and didn't have many luxuries. But through trading I was able to change my circumstances --not just for me -- but for my parents as well. I now want to help you and thousands of other people from all around the world achieve similar results!

Which is why I've launched my Trading Challenge. I’m extremely determined to create a millionaire trader out of one my students and hopefully it will be you.

So when you get a chance make sure you check it out.

PS: Don’t forget to check out my 30 Day Bootcamp, it will teach you everything you need to know about trading.

Leave a Reply