Earlier, I highlighted Virginia's 7th district as a good sign for Republicans but it might not be as bad as it appeared. With 99% of the vote in, the race has narrowed to 51.6% to 48.4% which is still a Republican win but doesn't necessarily imply a the rout that the 54-46% numbers from earlier did.
Along those lines, the Senate odds at Predictit have narrowed to 68% for Republicans from as high as 82% earlier.
That might simply be a reflection of an unsophisticated market that's taking the early numbers at face value. Those numbers are largely mail-in and urban areas, which tilt Democrat.
In terms of what it means for markets, I don't think it's much either way, especially with the House almost certain to go to Republicans. S&P 500 futures are up 0.1%.
Update: I'm now reading that it's actually looking really good for Democrats in Virginia's 7th district because it's not at 99% of the count. Instead, there are still 30,000 early votes to count and some precincts out that are heavily Democrat. That's against a lead of 6000 votes.
