Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion

The 2026 US midterm elections have resulted in Democrats winning both chambers of Congress, with Senate victories even in unlikely states such as Texas, Ohio and Kansas. More importantly, from a legislative perspective, the Democratic party’s has secured its largest House majority in nearly two decades. That leaves the US president Donald Trump with lesser control over the purse for the final two years of his term, including loose controls over the committees and the confirmations. While it is a political flutter for the world, markets have so far read this as a relief. Changes to the nature of the…