With midterm elections one year away, a handful of off-year elections this week provided investors with a potential glimpse at where America could be headed in November 2022.
What Happened
On Tuesday, Glenn Youngkin became the first Republican elected governor of Virginia in 12 years. Youngkin’s victory was particularly surprising given President Joe Biden won Virginia by a 10 percent margin in the 2020 election.In New Jersey, Democratic Gov. Phil Murphy is projected to win the election in a race that was much tighter than many experts had anticipated.
