Democrats Move Close to Senate Control Array ( [cookie] => 173aaf-da1bbc-1f54b9-040222-4df555 [current_usage] => 2 [max_usage] => 2 [current_usage_crypto] => 2 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 1 [subscriber] => 0 [role] => fsi_macro [visitor_id] => 568007 [reason] => [method] => ) 1
It appears that the Democrats are on the verge of gaining control of the Senate with the two victories in Georgia and the swearing in of Vice President Harris on January 20. The two Georgia victories will bring the Senate count to 50/50, and under the rules of the Senate the Vice President, who sits as Senate President, breaks all tie votes.
A tied Senate gives enormous power to each individual Senator as the loss of one vote by the majority party requires them to seek votes from the minority party. It can lead to a higher level of bipartisanship as coalitions are more likely to be formed with moderates having considerable leverage, While Joe Manchin of West Virginia is the most well known moderate Democrat, Arizona now has two moderate Democratic Senators: newly elected Mark Kelly and Kysten Sinema who won in 2018. Montana which has become more Repubican in recent elections continues to have a Democratic Senator, Jon Tester and he will need to watch his votes and avoid being labeled as a supporter of Bernie Sanders and Elizabeth Warren. Delaware's Chris Coons has been a bipartisan bridge builder over the last few years.
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Thomas J. Lee
Head of Research
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"Super Granny" Shots Stock List Granny Shots we expect to tactically outperform and underperform. |
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Daily Technical Strategy Daily commentary on market trends and short term opportunities. |
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FS Insight Research Team
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*Earnings Daily This note provides investors with a myriad of useful metrics to measure the progress of earnings season |
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Signal From Noise Highlights timely market themes and sectors with corresponding stocks, cutting through the day-to-day market “noise” for a distinct perspective. |
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