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Gridlock is Goldilocks for markets. But three midterm risks loom large

The Australian Financial Review (AFR) •
November 04, 2026 • 08:24 PM
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The election result should remove the “insanity premium” investors have been forced to build into their calculations. Dangers still lurk, though.

Gridlock is Goldilocks for markets. But three midterm risks loom large

At least Elon Musk still has a sense of humour.

Having moved himself and his companies to Texas to escape the woke Democrats in California, and having poured a sum estimated to be $US500 million ($714 million) into the Republican Party’s midterm election campaign, Musk had to sit and watch as the blue tsunami swept the Democrats to victory across the country.

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