Without control of both the House and Senate, Biden’s high spending proposals are less likely to get through legislature
Wall Street is supposed to hate uncertainty but as the fight over the presidential contest continues, investors couldn’t be happier.
If, as appears likely, Joe Biden wins, he will become the first president since George HW Bush to enter office without control of both the House and Senate – an outcome that indicates at least two years of legislative gridlock.
Related: Global stock markets climb on prospect of Biden presidency