US midterm results seen as supportive for bonds and stocks, analyst says

Cointime reports: BondBloxx Investment Management senior investment strategist Joanne Bianco said investors view the US midterm election results as supportive for bond and equity markets, since the outcome raises the bar for further fiscal spending and increases the likelihood of more checks on policy. A more fragmented policy environment should make it harder to expand the fiscal deficit further and could improve the fiscal outlook, she said, adding that focus will shift back to geopolitics and whether the US economy can stay resilient.