
A clean sweep in the Midterms for the Democrats. For the first time in more than 30 years, a Democratic Governor wins in Texas. Our expectations are that this is a positive sign for markets. A summary: - Yields have been running up as risk needs to be quantified due to a volatile policy by the current President. This risk is going to be lowered, so it's expected to see Yields to go down. - Lower Yields fuels the economy at the current stage, as borrowing becomes cheaper and therefore, tech can have a new impulse. - Due to the higher beta active in the crypto markets, a calm market benefits allocations towards riskier assets and therefore, #Bitcoin and #Crypto should benefit from this. Ultimately, this outcome is more positive than Republicans winning the midterms, as this provides a productive framework for the government to be getting back into balance and markets to become more predictive.
