Capital Markets Summer 2020

IV

Meaningful Policy Changes? Not Without a Sweep The Election

• While forecasting is extremely difficult, the Senate is the Republicans’ to lose

• Democrats appear likely to retain control of the House

I

II

Senate Signals?

Head of the House?

220

49

193

46

III

IV

5

22

V

Likely Democrat Likely Republican

Toss-Up

Likely Democrat Likely Republican

Toss-Up

VI

Source: Cook Political Report, June 2020.

19