The red wave that catapulted President-elect Trump to a second term created a green money wave for U.S. investors.
"Contrary to popular belief, under a Republican president, you really don’t want gridlock. You don’t want a split Congress because the best returns since World War II have come under a red wave when the president and both houses of Congress were controlled by the Republicans," CFRA Chief Investment Strategist Sam Stovall said during an appearance on "Making Money with Charles Payne."
"In that case, the market was higher by an average of 13% per year, rising 75% of the time. So, the scenario we have right now is the best for a Republican president."
Republicans took control of the Senate this week. As of Friday evening, Republicans are leading in races to control the House.
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