The Week Ahead: Investment markets look down ballot

Of course, the presidential election matters to the investment markets. But the real, lasting power to influence business and the economy sits on Capitol Hill.Congress holds the purse strings of taxes and spending. Legislative regulations have a force executive orders only hope to hold. A president may have a bully pulpit, but it is Congress that has to answer to voters more frequently.As Americans await election results, investors will focus on control of Congress in the week ahead. More than a half century of market research shows the S&P 500 stock index thrives the most when Congress is spl…

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HEDGE accordingly