This website uses cookies to ensure you get the best experience on our website


06th Jan 2021
CryptoAltum Research Team

DOW Jones Rise, will Democrats Win?

The DOW rose on Tuesday as analysts predict a win for Democrats in Georgia, a state that will determine whether the Joe administration will have complete control of the Senate. A unified House of Representatives and Congress means the liberal party will easily implement moves to cement their political agenda in the next two years, including a possible repeal of the corporate tax law, expansion of fiscal policy, and possibly more taxes down the road. 


The political scene in the United States has been nothing short of acrimonious. For instance, the run up to the Nov 3 Presidential Election was mired with violence and tension, causing investors to move their capital to value preserving assets like gold and Bitcoin. Compounded by the coronavirus pandemic, markets remain jittery as a new variant of the pathogen forces even more strict lockdowns in some parts of the world. However, this week's focus is on Georgia and whether President Trump will emerge as a winner handing Republicans control of the Senate. A win for Republicans will crimp Joe's plan, supporting the stock market in the medium term.

Impact on the Dow Jones:

Bearish. Polls predict a tight race. Results won't be known until after some days. Before then, the markets will be reliant on predictions that might cause either the index to slip or whipsaw.

More market updates on our Blog 

Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.

This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.

CryptoAltum does not accept any clients under the age of 18. 
  • Copyright Techcraft Ltd (CryptoAltum) 2020