The midterm elections that ended Democrats’ control of the US House of Representatives are likely to sustain the bull market that began in March 2009 at the depths of the financial crisis.
US stocks will continue their ascent because victorious Republicans probably will block Democrats’ plans to raise taxes and impose stricter regulations on businesses, according to money managers interviewed before the vote.
“The near-term issue of importance to investors is the Bush-era tax cuts,” said Robert Doll, chief equity strategist at new York-based BlackRock Inc, with $3.45 trillion in client assets.
