He's right
It's an underrated part of the equation. You can look through the history of midterms all you like but the market remembers the election of Donald Trump and how much equities ripped in the aftermath.
That said, I can see the market rallying no matter who wins the House on Nov 6 but it will be quicker if Republicans hold it.
Meanwhile, Rick Rieder says the cause of the drop is wage inflation.
