, Columnist
Markets Can Kiss the Blue Wave Goodbye
This much is clear after a night that remains mired in uncertainty: There will be no game-changing shift to fiscal spending.
Not the wave markets were hoping for.
Photographer: Olivier Douliery/AFP/Getty Images
This article is for subscribers only.
To get John Authers' newsletter delivered directly to your inbox, sign up here.
As I write, it has just turned midnight on the eastern seaboard of the U.S., and there is much more counting to be done before the results of the elections are known. But several very important things are now clear: