Market Moves
Stocks Do Well with Total Democratic Dominance in Washington, Study Says
History shows that equities advance an average 9.1% then, LPL research finds.
Tag: Senate
Market Moves
Goldman: Total Democratic Control of Washington Will Improve Economic Growth
The party’s dominance will permit a third round of federal stimulus this winter, lifting 2021 GDP to 6.4% growth, the firm says, as it brightens its forecast.
Market Moves
Maybe Joe Biden and Mitch McConnell Can Actually Work Together
Northern Trust’s Browne is optimistic that the new president is simpatico with the GOP Senate leader, who blocked many Obama initiatives.
Will the Wheels Come Off the Market in 5 Years?
Doubts rise that stock’s boffo performance will keep rolling through 2025, although almighty tech might let it maintain some momentum, savants say.
Newsmakers
Jerome Powell May Get Extended as Federal Reserve Chief, Say Analysts
The GOP-appointed Fed chair, whose term expires in 2022, has Dem admirers in the Senate.
Market Moves
A Divided Congress Is Good for Stocks, Study Says
When neither party controls both side of Capitol Hill, the S&P 500 does best, per LPL study.
Market Moves
Democrats Favored to Win the Senate, but Odds Narrow, Goldman Says
The firm’s analysis, based on stocks affected by a Biden tax boost, tracks findings of the prediction markets.
News
Move could boost returns by $2.5 billion over five years.
Illinois Passes Police, Fire Pension Consolidation Bill
Move could boost returns by $2.5 billion over five years.
Regulation
Senate Holds Hearing on Digital Currencies, Blockchain
Crypto proponents argue current banking system is inefficient and exclusionary.
Senate to Deal with Union Pension Crisis After House Passes Butch Lewis Act
Democratic-led bill faces stiff opposition from Republicans.
Newsmakers
Kentucky Finally Passes a Pension Reform
Bill targeting quasi-governmental agencies gets state Senate OK, and Gov. Matt Bevin, its author, signs shortly after.
Newsmakers
PBGC Director Nominee Gets Kicked Back to Trump
Clock runs out on controversial nod for brother-in-law of Mitch McConnell, Elaine Chao.
Newsmakers
Louisiana Pension System Gets Cold Feet on Creation of New Plan
Treasurer laments system’s decision, unhappy with detracting governor.
Newsmakers
Kentucky Passes Surprise Pension Reform that Was Inserted into a Sewage Services Bill
State’s attorney general says bill violates law, plans to sue when signed by governor.
Newsmakers
Illinois Senate Rejects Gov. Rauner’s Veto in 38-19 Override
Pension reform bill now goes to Illinois House, requires three-fifths majority vote.