Citi's Fordham Says GOP Tax Cut 2.0 'Unlikely'

The video discusses the impact of US midterm elections on markets, highlighting the uncertainty in polling and potential political outcomes. It examines market reactions to political signals, particularly the implications of a divided Congress. The discussion extends to global implications, focusing on the Trump administration's future and its effect on trade negotiations. The video also addresses the US deficit, fiscal policies, and the role of Republicans, questioning the effectiveness of fiscal conservatism.

What is the general sentiment about the reliability of polling in the context of the midterm elections?

• Polling results are always consistent.

• Polling has a significant margin of error.

• Polling is highly reliable and accurate.

• Polling is completely unreliable.

How do markets typically react to a divided Congress according to the discussion?

• Markets become extremely volatile.

• Markets tend to rally significantly.

• Markets usually experience a downturn.

• Markets consider it a benign outcome.

What is the expected impact of the midterm elections on the US deficit?

• The deficit will be eliminated.

• The deficit is expected to decrease.

• The deficit will remain unchanged.

• The deficit is expected to increase.

What is the likelihood of a second tax cut or significant infrastructure spending according to the discussion?

• Unlikely regardless of Congress composition.

• Certain if Republicans maintain control.

• Highly likely in the near future.

• Dependent on international trade deals.

What was the role of the Tea Party Republicans in past fiscal policies?

• They supported increased government spending.

• They were a major force against spending.

• They had no significant impact.

• They advocated for higher taxes.