The violent sell-off on Wall Street last week after the Democrats’ clean sweep in the US midterm elections has left pundits racing to map out areas of the market that are best placed to win under the new regime and those most at risk.
US equities initially rallied on the result as the Democrats seized control of both the Senate and House of Representatives, scoring wins in Republican strongholds for the first time in generations in a voter backlash against President Donald Trump and the Iran war.
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