WHAT THE GOP SWEEP MEANS FOR BUSINESS, ECONOMY: The Republican breakthrough in midterm elections represents a major setback for President Barack Obama that changes the outlook for action in Washington on issues important to business and the economy. No one should bet on the big-ticket compromises many in business and elsewhere have sought: On tax reform, and on a long-term budget deal. Both thorny issues are likely to stay stuck in partisan gridlock, at least until the 2016 presidential races is settled. Differences between the two parties remain simply too deep. Read more
A GREAT TRADE FOR MIDTERM ELECTION YEARS: For all the deep and thoughtful analysis of how a changing Congressional landscape will affect the economy and markets, some investors are turning to a very simply strategy to profit from the midterm elections: buy an index fund! There’s a reason why investors salivate when midterm elections cycle through. It’s been a very bullish catalyst for the markets, and has been for decades. Read more
MARIJUANA GOES MAINSTREAM: Now that voters in Oregon and Washington, D.C. have legalized recreational use of marijuana, entrepreneurs are rolling up their sleeves and moving forward with ventures, following the lead of Colorado and Washington State. Read more
DOW, S&P 500 RISE TO RECORD FINISHES; NASDAQ SLIDES: Read more