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BOS bullish on US equities as ‘blue wave’ brings on a ‘stimulus wave’

Ng Qi Siang
Ng Qi Siang1/11/2021 11:43 AM GMT+08  • 5 min read
BOS bullish on US equities as ‘blue wave’ brings on a ‘stimulus wave’
The “blue wave” will be bullish for risk assets, pushing up Treasury yields despite a bearish outlook for USD
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Fiscal bickering over US economic stimulus is likely to end following a stunning Democratic victory in both Georgia senate run-off elections on Jan 5.

By winning both the senate seats of this once solidly “red” state, Democrats now have control over both the White House and congress. Democratic Vice-President-elect Kamala Harris controls the deciding vote in an upper house split down the middle between Democrats and Republicans.

With the fiscally liberal Democrats now possessing the senate’s “power of the purse”, fiscal stimulus will likely be more forthcoming.

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