Georgia Senate Runoff – Election Race 🗳

Georgia Senate Runoff – Election Race

After Election Day, or Election Week finished, there was still one race to be decided: the Georgia Senate race between incumbent Democrat Raphael Warnock and Republican Herschel Walker. Both sides failed to get many votes needed, with Warnock getting a plurality of the vote, sending it to a December 6th runoff. For Democrats, a win would be the cherry on top for what has been a successful midterm election, increasing their majority in the Senate to make it 51-49. For Republicans, this is an opportunity to gain a seat and maintain the 50-50 minority that they held for the first half of Biden’s term, which is more powerful than some realize.

It didn’t take long for the election to be decided, though. Approximately 4 and a half hours after polls closed, the election was called for Warnock in what has been another win for the Democratic Party. Early voting records were broken, and Warnock outpaced his November performance in the counties where it meant the most. He is expected to win by a margin of 2 to 4 points, far clear of recount territory, and it perfectly displays the Republican Party now in what seems to be a transition in power. Donald Trump, former President, and backer of Walker, seems to have lost grip on the Republican Party as the shift is being made to Ron DeSantis for 2024, and Walker is another Trump-backed candidate who got slammed in the midterms. For Democrats, it’s possible this additional seat opens possibilities due to how weak their 50-50 majority was for the first 2 years of Biden’s term as Senators Manchin and Sinema would often steer away from the rest of the party. The Supreme Court could be expanded, and Biden could choose to revisit Build Back Better if he is able to accrue the necessary support in the House. As for the markets, it’ll be interesting to see if the markets have any reaction as the Senate majority was already decided before this runoff.

Want to learn how to invest? Download the Invstr app, where you can play Fantasy Finance and manage a virtual investment portfolio or open a brokerage account and invest for real. Take our interactive investing course on Invstr Academy and become a better investor today!

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:

More Posts

Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community.The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results.Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such.Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.