Pimco's Cantrill Sees Dem. House as Upside for Infrastructure

The video discusses how the market might react to the outcomes of the midterm elections, drawing parallels to the market's response to President Trump's election. It explores the potential impact of a Democratic wave, particularly in the Senate, on market risk and infrastructure development. The discussion also covers the implications of infrastructure on fiscal policy, especially under a divided Congress, and the likelihood of passing significant bills.

How did the market initially react on the night President Trump was elected?

• It remained stable.

• There was a big sell-off followed by a rally.

• It experienced a gradual increase.

• There was a continuous decline.

What is the market's assumption regarding the House's control after the midterms?

• The House will remain under the same party's control.

• The House will not be affected by the midterms.

• The House will flip to the opposing party.

• The House will be evenly split.

What is the expected market reaction if Democrats take back the Senate?

• The market would remain unchanged.

• The market would experience a minor dip.

• The market would likely be more risk-off.

• The market would likely be more risk-on.

What is the likelihood of an infrastructure bill passing under a Democratic Congress?

• No likelihood at all.

• Much higher likelihood.

• Moderate likelihood.

• Very low likelihood.

What is the expected fiscal policy under a divided Congress?

• Unpredictable fiscal changes.

• Significant fiscal contraction.

• Neutral fiscal policy.

• Aggressive fiscal expansion.