US Senate elections 2022: Mark Kelly beats Republican Blake Masters in Arizona, democrats one seat short of majority

By Smith On Nov 12, 2022

US Senator Mark Kelly won the re-election in Arizona to a full six-year term by defeating Republican Blake Masters. Kelly’s win has assured that the control of the chamber will be in the hands of Democrats in the upcoming years.

Mark Kelly was re-elected to a complete term retaining the position in Democratic Party and defeating Republican Blake Masters’ effort.

Will IT stocks outperform peers? Sunil Damania’s 12 predictions for Samvat 2079

The Road Ahead

While many analysts are making bleak predictions for IT stocks after a choppy Samvat 2078, Sunil Damania, Chief Investment Officer, MarketsMojo, before listing out his predictions for the next year, iterated about the past predictions.

The expert said, “Last Diwali, I made 12 bold predictions. They ranged from forecasting the auto sector’s outperformance to inflation remaining stubborn and compelling Central Banks to hike interest rates to LIC going public and a 65% probability that the Sensex will have negative returns. I am glad to inform you that 10 predictions were on the dot.”

On similar lines, he has made some predictions for next Diwali or Samvat 2079 that are as follows:

Inflation would have either peaked or started to trend down

The interest rates have been hiked aggressively by major central banks globally. By next Diwali, the high-base effect will also come into play, he added.

Interest rates would start sliding down

As and when inflation is under control, central banks, including the RBI, will acknowledge that and slash rates.

Crude would be at $90-100/bbl

India’s average crude oil basket last Samvat was $97.14/barrel. Damania expects the world economy to start improving, pushing crude prices slightly higher. Also, an OPEC+ supply cut would move crude oil prices higher.

Chinese economy will continue to struggle

As the Chinese economy is undergoing structural problems, the economy will find it difficult to grow at even 3%.

Republicans saw the position as a potential pickup opportunity given the failing economy and President Joe Biden’s low approval rating in the swing state. However, Kelly’s victory brings Democrats one seat closer to retaining their two-year Senate control.

In 2020, Joe Biden barely won the state, while Kelly who is a retired American astronaut led the bulk of public polls. The Republicans are currently focusing on Georgia’s December runoff election as their chance to win the Senate majority after Kelly’s advantage expanded as more ballots were counted.

The other significant race is in Nevada, where Republican Adam Laxalt was leading but is losing ground as mail-in ballots from Democratic-leaning areas of the state continue to be counted. Masters staked out more conservative positions on abortion during the Republican primary and then attempted to moderate his stance during the run-up to the general election, a shift that drew criticism from Kelly. Masters responded by trying to paint Kelly as too extreme on the issue.

Kelly’s victory might increase Democrats’ chances of retaining the other seat in the state, which Senator Kyrsten Sinema now holds.

FAQ

Q1. How many percent of votes did Mark Kelly get?
Mark Kelly got 21% votes in the election.

Q2. Who were the competitors of Mark Kelly in the election?
Blake Masters and Marc Victor were the competitors of Mark Kelly in the election.

Disclaimer Statement: This content is authored by an external agency. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated, and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein.

For all the latest world News Click Here

Read original article here

Denial of responsibility! TechAI is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.