As Americans prepare for Tuesday’s midterm elections to determine which party controls Congress, investors are expecting the races to significantly impact the stock market.
With polls showing a strong lead by Republicans in Congressional races and a dead heat in many Senate races, some traders are preparing for a GOP win. If not, political gridlock caused by a split government is also generally seen as favorable to investors who want their equities to be unaffected by major policy moves.
With the S&P 500 declining nearly 21% in the past year, investors appear to bet on…
