Strobaek previously called the results a “total meltdown of Democratic leadership and policies for the last four years in many aspects”. The Grand Old Party is set to control all three institutions: the Presidency, the Senate and the House of Representatives.
With the Republicans likely to control all four levers of the US government from the White House to the Supreme Court, Lombard Odier believes that the second Trump administration has a “clear mandate” to shift US economic policies.
“Donald Trump has the means to alter the US economy and financial markets, and a clear message from voters is that they are seeking policy change,” says Lombard Odier’s global chief investment officer Michael Strobaek in a Nov 11 update. “Whatever your political view, Trump is poised to become one of the most influential US presidents in the country’s history. The implications are global.”
