• 

  

  45%−0.9%

  Sweep Confirmed

  Late vote counts confirm that Democrats control both the House and Senate, validating the sweep bets reflected in futures, dollar and Treasury moves. Markets price more congressional oversight, higher odds of corporate-tax proposals and a weaker growth impulse, while recognizing President Trump still holds veto power.

  Finance −1.1% · Healthcare −1.1% · Technology −1.0%

• 

  25%+0.6%

  Split-Congress Reversal

  Final counts or recounts leave Democrats with the House but not unified congressional control. Markets reverse part of the initial sweep pricing as investors reprice toward divided government, fewer tax-policy surprises and continued constraints on major legislation.

  Finance +0.7% · Technology +0.7% · Healthcare +0.6%

• 

  

  15%−0.8%

  Recount Limbo

  The headline result remains directionally Democratic, but tight margins in several races delay a definitive call on Senate control. The market focus shifts from policy outcomes to near-term uncertainty, with volatility and credit spreads reacting more than sector fundamentals.

  Finance −1.1% · Technology −1.0% · Consumer Cyclicals −0.5%

• 

  

  15%+0.8%

  Policy Relief Repricing

  Investors decide the initial selloff overstated the negative tax and regulatory implications of Democratic congressional control. The market instead focuses on the possibility of tariff constraints, smaller deficits and lower inflation pressure, supporting parts of the equity market even as yields and the dollar stay soft.

  Technology +1.3% · Consumer Cyclicals +1.2% · Consumer Services +0.5%

Each figure is the modeled move of the S&P 500 if it happens. For information only. Not investment advice.