A long-term positive. Our view is DeSantis was the big winner. It “appears” that the Democrats will officially control the Senate and the Republicans the House. The market got what it wanted, a government in which nothing will get done. If the Republicans do not control the House, we would expect a significant decline in the market. One thing to consider is Joe Manchin, who is up for re-election in 2024, got screwed over by the Democrats, and consequently, screwed over his constituency (WV is 69% republican leaning).