#Georgia Senate Run- Off, why is it impacting market movement? (1/n)

#Dow and #Nasdaq are currently trading 2% lower from previous close

Back in November election none of the parties have received majority votes so, which is why run-off elections are held in Georgia.

If democrats win two seats in #Georgia then they’re will be 50-50 tie in the upper chamber. However, if there’s a 50-50 tie in the upper chamber the deciding vote will be in the hands of Vice President @KamalaHarris. So, all the @JoeBiden presidential campaigns amendments...

Amendments can be successfully passed in the upper chamber. In other scenario, if the republicans get majority in #Georgia then they’ll continue to hold power of upper chamber which they were having since 2014.This would lead to divided government. Here’s the catch for the market

Complete power to democrats is big negative for Tech Companies, as they would try to breakdown the monopoly market and more regulations will kick in. Positive for clean/renewable and healthcare companies as they were part of @JoeBiden presidential campaign.

For domestic market, FII flows will continue to increase in long run as the growth in tech stocks might get hampered due to fresh regulations.