All three major indices finished in solid red today as the midterm election results trickle in. There also seemed to be some uncertainty in the Crypto world related to Binance walking away from merger with FTX. I'm not sure if it has any systemic impact as I don't think Crypto is part of official financial systems but I suppose crisis there could cause some volatility until the dust settles. Focus is also perhaps shifting back to tomorrow's CPI data as that might provide clues on whether the interest rate hikes have started to show the impact on broad inflation in our economy. It will be interesting to see if the historical precedence related to S&P500's performance in following year of the midterms holds true this time.
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