Economic security

2018 midterm election: US enters 'longest business cycle' ever, analyst says

A divided CongressOpens a New Window. is good for U.S. stocks, market strategist Michael Lee said on the heels of the critical midterm electionOpens a New Window..

“Divided government has historically been in the best playing field for stocks,” he said on FOX Business’ “Mornings with Maria” on Wednesday. “We went into this election with a fantastic economy, one that’s only going to improve from here and I don’t think that thesis changed one bit.”

U.S. stock futures rose on Wednesday, as Republicans maintained control of the Senate and Democrats took control of the House.

In Lee’s opinion a Republican House would be too much to manage.

“I think had the Republicans held the House, you would have gotten the chance for additional fiscal stimulus, maybe we get some sort of infrastructure bill,” he said. “I just think there are too many moving parts and there’s too much compromise involved for something like that to happen.”