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One election. Many markets in motion.
Explore the sectors and themes that could shape the next wave of market opportunities.
The bigger market story: Beyond the ballot
The 2026 US midterm elections arrive at a pivotal moment for the US economy. Artificial intelligence is accelerating innovation, energy demand is rising, manufacturers are investing at home, and policymakers continue to debate trade, defence and economic growth.
For traders and investors, these trends matter as much as the election itself. The vote may decide who holds power in Washington, but the industries, technologies and market themes behind it could have a much longer-lasting impact.
Explore the forces at play and the markets connected to them.
Explore the themes shaping the election cycle
The election story doesn't begin and end with politics. Beneath the headlines are major themes influencing how investors view growth, innovation and opportunity.
US 2026 midterm elections explained: key dates and market implications
What do the 2026 US Midterm Elections Mean for Traders and Investors?
The 5 layers of the AI trade: follow the money down the stack
Wall Street is at record highs on the back of artificial intelligence (AI).
America's Power Play: electricity for AI, fuel for the world
The US is facing record demand for electricity at home while the world leans on it for energy abroad.
How tariff dominoes fall: what moves first, and what follows
Find out what you’re doing well, and where you need to improve, with personal insight into your winning and losing trades.
The dollar dilemma: why a strong dollar may not be what it seems
The greenback is at a multi-month high.
Midterms and the rates trade: will bonds move first?
Stock traders see elections as a headline event. Bond traders see them as a fiscal one.
Markets to watch
As Election Day approaches, traders may keep a close eye on the markets most exposed to changes in policy, investment and economic priorities.
- Indices
- US Shares
- Forex
- Commodities
- Bonds
Where policy themes meet market moves
Election headlines don't just move politics, they can influence the markets connected to spending, trade, regulation and growth. Track the sectors most exposed to these themes and see how they respond as the election story unfolds.
AI & Technology
AI investment, chip policy and regulation
Nvidia · Microsoft · AMD
Defence & Security
Government spending and geopolitical developments
Lockheed Martin · RTX · Northrop Grumman
Energy & Resources
Energy policy, LNG exports and global supply
ExxonMobil · Chevron · Crude Oil
Manufacturing & Industrials
Tariffs, infrastructure and reshoring trends
Caterpillar · Deere
Rates & Currencies
Deficits, Treasury yields and Fed expectations
US 10-Year Treasury · US Dollar Index
Timeline to Election Day
Primary Season: Candidates emerge, and campaign momentum begins to build.
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Campaign Season: Polling, spending and policy debates intensify.
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Election Day: 3 November 2026 - Markets assess the new balance of power.
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Post-Election Period: Attention shifts from election results to policy implications.
Scenario Watch
What could move?
Different outcomes. Different markets in focus.
01 IF…
AI investment accelerates
Potentially impacted
Semiconductors
Data centres
Utilities
02 IF…
Energy policy shifts
Potentially impacted
Oil
Natural gas
Uranium
Utilities
03 IF…
Tariffs expand
Potentially impacted
US dollar
Manufacturers
Exporters
Commodities
04 IF…
Government spending rises
Potentially impacted
Defence
Industrials
Infrastructure
Scenarios are illustrative, not forecasts. This is not a recommendation to trade any specific market.
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