Pete the Planner forecasts the election’s effect on banks, tech, defense, drugmakers, stocks and bonds

The dust is close to clearing in what widely was seen on Election Day as a national movement to clean house in federal and state government. Voters pulled down some of the red wallpaper and put up hues of blue and purple. Democrats took back control of the U.S. Senate and the House of Representatives, and in both cases by substantial margins. The most common talking point is that voters were fed up with inflation, the war in Iran and the high cost of living in general.When you don’t like where the bus is headed, it can make sense to change drivers, but one big question now is exactly how Democrats and any Republicans seeking bipartisan solutions will be able to significantly lower the cost of living. And investors are busy trying to figure how the Democrats’ priorities will affect major industries such as banking, health care, energy, defense and the AI and data center wing of the technology sector.   For this week’s podcast, we’ve enlisted IBJ financial columnist Peter Dunn, aka Pete the Planner, to suggest what the election results will mean for the economy, the stock market, corporate taxes, particular business sectors and even Social Security.