The stock market is in the middle of a very interesting time period where it’s experiencing some unique things.
And as those things come together to have a collective impact on Wall Street, they create possible scenarios for a stock market reaction.
Here is why I love virtually all of those scenarios…
Let’s see…
The S&P 500 benchmark representative for the stock market is hitting new all-time highs and the midterm elections just created a Republican-controlled Congress, just to name a couple of major events that Wall Street is experiencing right now.
Often times, when a number of new, significant events hit the market at once, the possible outcomes range from amazing to terrible…
But not this time…at least not for me.
The new highs have given this bull market some new life. It may not last, but it has opened the door for some short-term profits.
And the Republican victory in the midterms has created the most profitable political combination in recent history: a Democratic president and Republican Congress.
That combination has seen the S&P 500 climb 15.1% over the same time frame that a Republican president and split Congress has seen just an average increase of 3.5%.
While midterm elections normally push the stock market higher, this scenario could turn on the afterburners.
Many are expecting the new Republican power to lead to lesser regulations and restrictions regarding certain types of companies, and one such sector that stands to benefit is the technology sector.
Whether through traditional tech stocks, biotechnology stocks, pharmaceuticals, new energy stocks, or any other form of stock related to the technology sector, the more lenient environment that Republican policy could create is indicating a very strong performance for technology.
If you would like me to show you the very best tech stocks through this potential period of growth, check your email for a special invitation to join my Tech Stock Jackpot service.
