The stock market does not do better when the White House and both houses of Congress are controlled by the same political party. That’s important to keep in mind now that the U.S. has elected a Republican president and a Republican Senate — while it seems increasingly likely that the House will have a Republican majority.

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If the prospects for a permitting deal this Congress appeared unlikely before the election, that’s even truer after major Republican wins Tuesday night. With Donald Trump winning the presidency and Republicans seizing control of the Senate,