NEW YORK ( ETF Expert) -- Many of us in the financial services industry expected the outcome of the election to be determined by Ohio alone. Perhaps surprisingly, while Ohio was close throughout the evening, there was never a need for recounting the "Buckeye State" ballots; President Obama had won the electoral votes needed without a single-state showdown.While a protracted battle for control of the White House could have unhinged market participants, the possibility quickly gave way to the more pressing "fiscal cliff." The cessation of scores of tax breaks combined with automatic spending cuts can be credited with enormous selling pressure across the risk spectrum on Wednesday, the day after the election.
How Different Sector ETFs Are Reacting to Fiscal Cliff Fears
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