Possible scenario
GOP Begins Distancing
+0.1%
The midterm losses and Trump’s weak approval give congressional Republicans and governors political cover to separate from him. The party does not fully repudiate Trump, but a visible succession fight begins earlier than expected.
What it moves
- Consumer Cyclicals+0.2%
- Finance+0.1%
- Market volatility
- Riskier companies' borrowing costs
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