The election has yet to be decided and we may not know who won for days or even weeks. But, as of this writing, it seems investors are pricing in a Joe Biden presidency and a split Congress, where Republicans continue to control the Senate and Democrats the House. Stock prices are up big on the election news, and long-term interest rates are down big. The reaction in financial markets to the election is telling us a lot about what investors think it all means for the economy. Stock investors also appear cheered by the prospects for a split government that will make big changes to economic policy more difficult.

Source: CNN November 05, 2020 17:48 UTC