With the Republicans most likely holding the edge in the senate we should be safe from any sweeping and massive tax increases. That is especially great news for the tech sector where Dems were beating the drum to levy heavy taxes on the major tech firms. In addition to a new stimulus plan getting passed, I see the market continuing to get stronger and stronger.
The President gets too much credit and too much blame for the economy and with it the search industry. With the market picking up more and more steam since August, I expect it to continue to strengthen. As the vaccine comes to market, and hopefully the country stabilizes, companies and candidates will start to relax and people / companies will get back to hiring for inclusion instead of exclusion. Depending on the vaccine and a stimulus bill, we should see more and more people getting back to work. Companies are already starting to hire in many industries. Longer term, if taxes prevail like his plan has laid out, than we could be in for a slowdown. It really comes down to the senate being able to continue a true checks and balance approach in D.C.25 January 2021