While the economy was one of the central issues that propelled Republicans to a major victory in Tuesday’s midterm elections, many financial advisors told WealthManagement.com that the GOP majority in Congress would have little, if any, direct impact on the market. “Politics has only a marginal impact at best on the financial markets, our industry, or the economy in general,” said John Kleponis, CIO of Yosemite Capital Management. “Usually the markets and the economy affect politics, not the other way around.” While admitting that there would be little direct effect of a new Congress, some advisors were cautiously optimistic that Republican economic policies could usher in a new, business-friendly climate in the U.S.

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