CNBC: RED WAVE, BLUE WAVE: What could happen to markets if Republicans win big or lose big on Tuesday
Scenario 1: Democrats take House, GOP keeps Senate
- Overall stock market: Modestly bullish
- Winners: Drug stocks, defense stock
Scenario 2: GOP keeps both, but narrower House majority
- Overall stock market: Very bullish
- Winners: Tax cut beneficiaries, refiners, consumer discretionary
Scenario 3: Democrats take the House and Senate
- Overall stock market: Bearish
- Winners: Industrials, materials
- Losers: Health care, banks
