Wednesday November 5, 2014

// November 5th, 2014 // Daily News

GOP could find some common ground with President Obama

A Republican-controlled Congress may find common ground with President Obama on a new Asian Pacific trade pact and could bring a more energy friendly environment to Washington.
There may also be plenty of talk about sweeping changes to tax law or fiscal reform, but analysts don’t see much in the way of change on those fronts, nor do they expect progress on immigration.
“Grid lock or unlocked? I think grid lock,” said Jack Ablin, CIO at BMO Capital Markets. “It’s going to be a little more confrontational. Bills are going to end up on the president’s desk, and he’s going to have to decide whether to sign them or veto them. It’s not quite as obfuscated as it once was. It’s going to be a little more transparent.”
Stocks were subdued Tuesday, but the market could get a lift Wednesday after Republicans wrested control of the Senate from Democrats with at least 52 seats.
The post mid-term election period is historically positive for stocks, and a Republican victory would be positive for the overall market.
“I wish the market wasn’t as expensive is as it is. To me, that’s the only headwind the market faces,” said Ablin.
Dan Clifton, head of policy research at Strategas, expects some sectors to clearly benefit from the election, and the market as a whole to rise if history is a guide. He notes the S&P 500 has not declined in the 12 months following a midterm election since 1946.
One of the biggest undertakings of the new Congress could be to pass the Trans-Pacific Partnership, which was opposed by many Democrats but favored by the White House. The pact would include Japan and other Asian countries as well as Pacific Rim partners, like Chile.
It would give the United States more free trade markets and the beneficiaries could be liquefied natural gas companies because more gas hungry Asian markets would be open for U.S. exports. Clifton said chemical companies are also big supporters of the trade legislation, but it’s opposed by the auto industry.

Today’s Inspiration

Talk to God Anywhere

by Joyce Meyer – posted November 05, 2014

Do you not know that your body is the temple (the very sanctuary) of the Holy Spirit Who lives within you, Whom you have received [as a Gift] from God?
—1 Corinthians 6:19

The angel of the Lord said to Moses, “Take the shoes off your feet, for the ground on which you stand is holy ground” (see Exodus 3:5). The ground was holy because the Holy One was there. Now through faith in Jesus, you are the tem¬ple of the Holy Ghost. Everywhere you go becomes a holy place because the Holy One dwells in you.

God is not in a building, where you can only visit Him on Sunday morning. He is with you every¬where you go. You can talk to Him while you vac¬uum, or while you change the oil in your car. When you let God become involved in every aspect of your life, every day becomes exciting.

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