
- A Democratic sweep of the US Congress pulled down Asian tech stocks and the dollar while boosting Treasuries.
- Investors are rethinking trades built around Trump's policy agenda, which has favored deregulation and rapid buildout of AI infrastructure.
- Democratic control of Congress is expected to bring investigations and greater oversight of Trump's spending plans, even with his veto powers limiting sweeping legislative changes.
Quotes
“A Democratic sweep of the US Congress jolted global markets”