16 November 2022 | Other

Republicans are one step away from winning the House of Representatives in the U.S. midterm elections

Republicans failed to win a majority of seats in the U.S. House of Representatives. They were just one seat short of winning the House of Representatives. After President Joe Biden's Democrats continue control of the Senate, there will be a two-year split in government because of the midterm victory.

The final result is not known yet. Thousands of votes are still being counted in several states, including California. Edison Research forecasts show that Democrats won 209 seats and Republicans won 217. For a majority, it would require 218 seats.

On November 8, Republicans were predicting a "red wave" of growth. Their expectations heavily fall behind a victory with a small advantage.

A split in Congress would have the effect of limiting Biden's power in Washington and making it difficult to advance his initiatives.

Company MarketCheese
Period: 31.05.2026 Expectation: 2000 pips
Keep buying SPX
Today at 07:55 AM 2
Period: 31.03.2026 Expectation: 290 pips
Buying EURUSD upon reaching 1.19280
Today at 06:15 AM 7
Period: 18.02.2026 Expectation: 1030 pips
EURUSD bounces back from yesterday's dip after soft US print
Yesterday at 10:33 AM 31
Lyra_Moonwell1
Lyra_Moonwell1

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Period: 25.02.2026 Expectation: 1700 pips
Accumulate NVIDIA stock on correction ahead of February 25 report
Yesterday at 07:02 AM 26
Period: 17.02.2026 Expectation: 1500 pips
Buying AUDUSD on correction after hitting three-year high
10 February 2026 33
Lyra_Moonwell1
Lyra_Moonwell1

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Period: 17.02.2026 Expectation: 2600 pips
High operational risks justify Tesla share selloff
10 February 2026 35
Go to forecasts