Markets fretted at the prospect of a Democrat controlled Congress today which ushers the way for higher taxes and increased regulation.

Markets fretted at the prospect of a Democrat controlled Congress today which ushers the way for higher taxes and increased regulation. The XJO index closed down 1.1%. Yield sensitive sectors were particularly hard hit, as were companies with high valuations i.e. tech and healthcare. Energy stocks were the exception to the rule following Saudi Arabia agreeing to cut oil production through March. Asian markets were down on reports of a further clampdown on civil disobedience in Hong Kong with authorities rounding up dissidents...


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