new york surprise victory democrats tuesday alabama election u.s. senator prompt fund managers prepare losses republican party 2018 mid-term congressional elections fund managers federate investors well fargo jam fund lpl financial among move share retailers bank industrials technology firm may benefit strong global economic growth abroad tax cut high income wage earners home even democratic party make gain next year elections strong economy continue deregulation administration president trump benefit corporate tax cut expect pass republican-led congress come days cyclical company range amazon.com inc amzn.o allstate corp all.n outperform long washington stay way accord fund managers tax reform big thing economic perspective get get next year election make hard republicans pass immigration bill trade restrictions even good reduce threats global economic growth say steven chiavarone portfolio manager federate investors new york 363 billion assets management result chiavarone hold large-capitalization technology stock like apple inc aapl.o amazon despite company stock gain 45 percent year date expect large beneficiaries global economic expansion go money pocket consumers corporations company expose money spend say historically u.s. stock market do well periods oppose political party control presidency least one house congress time however influential factor look strength global economy u.s economy grow fast pace three years third quarter year economy eurozone pace large expansion decade october international monetary fund raise outlook global economic growth rate 3.7 percent 2018 help push emerge market stock six-year highs anything like global growth scale since 2010 say ryan detrick senior market strategist lpl financial 560 billion assets management backdrop gridlock washington bad thing extreme move one way another detrick expect cyclical value stock especially financials industrials outpace market year ahead federal reserve continue raise interest rat corporations start increase capital expenditures financial stock slightly outperform broad market wednesday follow victory alabama election democrat doug jones financial select spdr fund xlf.p measure financial company benchmark 500 stock index gain 0.3 percentage point index whole little change move invest stock might benefit gridlock washington d.c. democrats regain least one house congress next year reversal year ago fund managers pile infrastructure defense small-capitalization stock anticipation republican legislative victories 2016 elections dub trump trade last year move help push u.s. dollar multi-year highs send broad 500 index 10 percent november march year however fund managers look company benefit even republicans able legislate congress barry jam portfolio manager billion jam balance golden rainbow fund also move financial stock allstate capital one financial corp cof.n expect trump administration continue reduce regulations industry policy continue republicans lose one house congress time increase position retail company best buy co inc bby.n target corp tgt.n get majority revenues u.s. well-positioned benefit republican-led corporate tax cut likely pass soon expect democrats win least least one house congress 2018 limit impact washington stock market presidential election 2020 look like tax plan one legislative victory republicans anything else washington unless truly bi-partisan say fund managers seek stock benefit democratic gain 2018 u.s. elections