Divided Government Will Not Be Bullish for This Market – Ep. 392

JOIN PETER at the New Orleans Investment Conference
https://neworleansconference.com/conference-schedule/
Divided Government is Good?
If the Democrats get control of Congress, which is a likely occurrence, what I'm hearing now is that this is bullish for the stock market! The stock market bulls are saying that if we have divided government that this is historically positive for the markets.  So even if the Republicans lose control of the House, and maybe even the Senate, it's OK, because it's divided government and that is good.
Hoping for More Deregulation
This is a bunch of nonsense. Has divided government historically been a positive? I think so, in that when you have a divided government you are less likely to make progress in legislation and since most legislation is harmful, the less legislation you get is better. But in the situation we have now, the hope is that we will have deregulation. That the progress that Trump will make will be in removing regulation.  Obviously if the Democrats take control of Congress, if you were hoping for more deregulation then your divided government will put a stop to that.