Major good news—Trump is changing his tune so fast even Wall Street can’t keep up.

After Republicans suffered a major setback in the U.S. midterm elections, Trump told The New York Times that he was willing to accept the election results and was also prepared to work with Democrats. The two sides might be able to reach some agreements.

At the same time, he stressed on social media: “I’m not on the ballot. If I were, we’d win by a landslide!”

A familiar line: when the election goes badly, it can’t all be my fault.

And when it comes to negotiations, everyone can share the credit.

But there’s another thing Xiaohuihui is more concerned about when it comes to the financial markets:

If the U.S. ends up with a divided government, Trump’s fiscal, tax, and regulatory agenda over the next two years could face more congressional checks and balances.

That could lead to policy gridlock, but it could also push the two parties to compromise on some issues.

Elections are elections, business is business.

Trump never admits defeat, but when it comes to deals that need to be made, he still has to negotiate.