With one seat in the bag, and the other looking likely as Jon Ossoff has more than 16,000k votes ahead of his republican rival, control of the Senate looks to be heading democratic way. While this means a larger stimulus next year following Biden's inauguration, it also means more regulation and a repeal in least of part of Donald's Trump's tax cuts. Nevertheless the S&P 500 while a little bit soft has managed to hold levels just above 3700. This is better than some analysts who have been predicting a fall to 3640 or lower. This evening's US session may provide some further clues, but for now the market is weighing up more stimulus vs tax hikes and deciding not to panic just now.