It seems @krugman25 was right in his precis above. (post 5)
Democarts control the House of Representatives. (Apparently only twice since WW2 has the imcumbent party held the house of Representatives at the mid-term) Republicans two extra seats in the Senate. This seems to spell quite a lot of procedural problems for Trump. Commentators seem to be saying that the Democrats want to “Investigate rather than Legislate”.
@ria_rose - I’m no expert on USA political system, but as I see it, Democrats = (uk) Labour party - (Both Socialist and want to increase State control ) - Republicans = ‘Conservatives’ in the Uk (Parties more concerned with ‘freedom’ and merit )
An old mate of mine said many years ago - “Under the Conservatives - everyone is on the fiddle” - “Under Labour the fiddles are still there but those at the top keep them for themselves”
Traditionally Republican / Conservative was seen as Good for business and Labour / Demcrat was seen as BAD for business.
Nowadays the parties have all become quite grey, like the Beach with two Ice cream vans.
Logic says that the vans park at the 1/4 and 3/4 points of the beach, so people have the least distance to walk. However, if one moves towards the centre - he gets more customers, so invariably they both end up parked right next to each other at the mid-point, which does nobody any good ! - That is the way of western politics - nobody with any sense botherd to vote because it made no difference and Countries were governed by the most Physically attractive people and those who upset the ‘Social Justice Warriors’ least.
Then the Brits voted for Brexit and Donald Trump won the Presidency. People got interested and actually Voted ! Voted for taking back control for the real people, not by “Facebook likes”.
What we seem to be seeing with this massive turn out and the ‘pressure groups’ turning out in huge numbers, is a backlash against the silent majority for having the temerity to express their wishes and to choose less “politically Correct” alternatives.
Somewhat encouragingly for those of us who believe in ‘choice’, it would seem that quite a lot of the ‘female vote’ and the ‘young vote’ have in fact voted to give Trump a chance to make a difference.
Now the real quandry for the Democrats is that they seem to need to actually make a decision ! The media are saying that their problem is to try to actually find a Democrat to stand against Trump with any chance of success (and perhaps some sort of policy ? ). The Democrats I have heard this morning are seemng to look to “investigate Trump”, with the objective of bringing him down to a state where he is unable to continue, thereby returning to the “2 ice cream van” scenario they appear to like.
The charts would seem to show that the real money thinks the weakened state of Mr Trump will be Bad for the dollar. This seems to accord with my view above that “Democrats are Bad for business” - However we are only a couple of pips away from 1.1500 and it remains to be seen whather the round number will turn it around!
[Edit - you could be right @krugman25 - seems to confirm that micro - trend then - but early days yet we’ll see ]