US midterms: Damp squib or another 'sugar rush' for US economy?

Markets rose following result

The majority of industry commentators are bullish about the prospects for the US economy following the midterm elections amid expectations of a boost in infrastructure spending.

As Americans headed to the polls on Tuesday, analysts were predicting US President Donald Trump would face the prospect of a divided Congress with the Democrats seizing the House of Representatives. The latter delivered on this expectation, going beyond the 218 votes needed to gain the House, however, the Republicans gained the 50 seats required to retain majority in the Senate. David Roberts, co-manager of the Liontrust Strategic Bond fund, said the results were a "damp squib". "US midterms: surprisingly unsurprising," he said. "After a run of elections where polls and forecasts p...