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Is the “Blue Wave” of US Democrats good or bad for ASX investors? – The Motley Fool Australia

ASX investors have embraced news that the US Democratic Party now controls both houses, but it isn’t all good news for equities.

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ASX investors have embraced news that the US Democratic Party now controls both houses, but it isn’t all good news for equities.
You’d be forgiven for thinking otherwise though with the The S&P/ASX 200 Index (Index:^AXJO) surging 1.6% to finish near its intraday peak on Thursday.
The Australian share market isn’t the only one rejoicing at the “Blue Wave”, a term coined to describe how the Democrats control all three layers of government.
US stock benchmarks also jumped last night and the futures…

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