Markets got US midterms right, no violent repricing was needed; what next?

How long can any peace persist in a market that before this week spent a month going up and down 2 percent a day?

For once, the consensus came true. Markets got it right and no violent repricing in equities was needed. A divisive episode of U.S. politics came and went, and investors are exactly where they were before. The question for bulls: can it actually last?

“This was our base case,” said Ben Phillips, chief investment officer of EventShares, which oversees the U.S. Policy Alpha ETF. “As far as markets are concerned, it is actually a decent outcome.”

Perhaps. Bulls can celebrate gridlock, at least, a moderate positive in cycles past. They can be encouraged that something other than a Republican sweep is being taken