IN GEOLOGY, AN earthquake causes a tsunami(海啸). In American politics, a blue tsunami is causing an earthquake. In midterm elections on November 3rd the Democratic Party swept all before it(势如破竹，横扫一切). Ruby-red Texas elected a blue senator for the first time in decades and crimson(深红色的) Kansas for the first time in nearly a century. As we published this the Senate race in Mississippi, where Donald Trump last won by 23 percentage points, was too close to call(胜负难料，难分伯仲).
在地质学中，地震引发海啸。在美国政治中，一场“蓝色海啸”正在引发一场地震。在11月3日的中期选举中，民主党势如破竹，横扫一切。深红色的得克萨斯州几十年来首次选出一位民主党参议员，深红色的堪萨斯州近一个世纪以来首次如此。截至本文付印时，密西西比州的参议院选举胜负难料——唐纳德·特朗普上次在该州以23个百分点的优势获胜。
In financial markets, the response to these seismic(地震的；巨大的) events was, for the most part(大体上，基本上), a shrug. The S&P 500 index of large American firms ticked up the morning after and ended the day 1.6% higher. Yields on ten-year Treasury bonds edged down. The dollar weakened by a touch(略微，稍稍).
在金融市场上，对这些“地震级”事件的反应大体上只是耸耸肩。美国大型企业组成的标普500指数在选举次日早晨微涨，当日收涨1.6%。十年期美国国债收益率小幅走低。美元略微走弱。
Investors’ indifference(漠不关心，无动于衷) is understandable. They like certainty, and the Democratic wave preclude(排除，阻止)d the nightmare scenario(噩梦般的场景) of an endlessly contested election or even a constitutional crisis. After the scale of his Republican Party’s rout(惨败，溃败) became clear on election night, Mr Trump told the New York Times that he would accept the results. Call it the “phew” effect(“松一口气”效应).
投资者的无动于衷可以理解。他们喜欢确定性，而民主党的浪潮排除了选举无休止争议甚至宪法危机的噩梦场景。选举之夜，当共和党惨败的规模变得清晰后，特朗普告诉《纽约时报》，他会接受结果。不妨称之为“松一口气”效应。
