Election Day has come and gone and now many people have questions following the results, including what the outcome will mean for your investments.
A lot was at stake for voters in this year’s midterm elections. Experts say the results expose the political divide in American politics, a divide that has left many people wondering what happens next.
While Democrats took control of the House, Republicans maintain control of the Senate. 22News spoke with a financial advisor on Wednesday to find out what this could mean for your investments.
Mark Teed of Raymond James & Associates told 22News that people often equate politics with the stock market but there’s no real connection.
Teed said they experienced an increase in people seeking financial help leading up to the midterms.
“Now people have more money in the stocks than they do in their homes or in any other assets,” said Teed. “So the stock market is the big concern, everybody thinks that everything is related to stocks. And the market is telling us this morning that everything’s gonna be ok the market is going to be up so it’s business as usual.”
Political Consultant Tony Cignoli spoke in Springfield Wednesday about midterm results and told 22News that in terms of retirement, he thinks Democrats and Republicans will work together to benefit the average consumer.