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Citi says Republican Senate hold could lift US stocks by year-end

NewsFeeds update

Citi says markets have largely priced in Democrats winning both chambers of Congress, and an unexpected Republican hold on the Senate could spur a year-end US equity rally. State elections may also affect data-centre approvals and slow new computing capacity, it says.

MacroChainCatcherAINeutral

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The story so far: Citi US midterm market outlook

Citi Research said a Democratic sweep is largely priced in, with the real risk in Republicans unexpectedly holding the Senate or Democrats winning more than 53 seats. Citi now says a Republican Senate hold could spur a year-end US equity rally, and state elections may affect data-centre approvals.

  1. Citi says Senate control is the key variable for US stocks next week

    Citi Research strategists Scott T Chronert and Patrick Galvin said in a 30 Oct note that a Democratic sweep is largely priced in, and the real risk lies in two tail scenarios: Republicans unexpectedly holding the Senate, or Democrats winning more than 53 seats.

    MacroChainCatcherAINeutral

  2. Citi says Republican Senate hold could lift US stocks by year-end

    Citi says markets have largely priced in Democrats winning both chambers of Congress, and an unexpected Republican hold on the Senate could spur a year-end US equity rally. State elections may also affect data-centre approvals and slow new computing capacity, it says.

    MacroChainCatcherAINeutral

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.