US Midterms: Post-Election Market Rally Setup Flagged Across Sources
With midterms underway, multiple financial sources highlight the historically strong S&P 500 returns that follow midterm elections, with Deutsche Bank calling for a year-end rally after a final dip; Israel's concurrent election shows Likud demoralized.
What we know
The Kobeissi Letter highlights that the S&P 500 has returned +17.2% on average in the year following midterm elections since 1950, rising in 17 of 19 post-midterm years an account on X. Deutsche Bank's Jim Reid echoes this, calling for a year-end rally after a potential final dip, with stocks historically rising in 21 of the last 23 midterm years in the three months following another account on X. In premarket, Tesla is leading the Mag 7 higher (TSLA +1.1%, NVDA +0.6%) another account on X. On the crypto side, The Block hosted Scaramucci to discuss the Clarity Act failure and crypto trends in the midterm context @TheBlockCo. Concurrently in Israel, real-time voting data shows Likud strongholds lagging center-left by 4.2 points as of midday, with Arab turnout spiking — significant if Netanyahu's coalition loses another account on X.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.