U.S. midterms: will a blue wave rock the boat?

In this issue:

• As the economy has maintained momentum through 2018, President Trump has gained popularity while Democrats’ prospects have declined modestly

• Democrats’ chances of winning the house have increased due to the actual results they have posted in special elections over the trailing year

• Republicans hold a stronger advantage in the Senate where six year terms mean fewer seats in play during a given election year

• From an equity return standpoint, we are not overly concerned with the prospect of a split government because the U.S. economy is on firm footing

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