The equities markets traded on relatively low volume today, as traders appear to be awaiting the outcome of the US mid-term elections. The outcome should set the tone for economic expectations going forward, with potential tax cuts and further deregulatory actions unlikely to pass through Congress in the event the Democratic party takes control. While this is not absolutely certain, it can definitely be expected. The IBB biotech ETF was up around +0.19%, whereas the SPY ETF was up around +0.68% and XLV healthcare ETF was up over +1%. However, some stocks in the sector saw substantial gains. Here’s a recap of the action.
