The markets are pricing in a full implementation of the Trump agenda, but that may not happen with a split Congress.

The 2024 election was a major setback for Democrats. They lost the presidency decisively (by 21st-century standards), and Republicans may have one of their biggest Senate majorities in decades. Then there’s the House, where dozens of races remain undecided.

All eyes are on pivotal House races across the country after Donald Trump won the presidential election and Republicans picked up the Senate.