Yardeni Analysts Warned of Stock Risk From Democratic Sweep

Yardeni Research analysts warned in a Nov. 3 pre-election assessment that a Democratic sweep could bring a “cold shower for stocks,” while also advising investors to buy any resulting dip.

The assessment tied the possible market reaction to Democrats winning both chambers of Congress. A Democratic sweep means winning the House and Senate.

That differed from Bank of America’s earlier sweep scenario, which projected a stock decline of more than 10% if Democrats won both chambers and the Texas governor’s office.