Bloomberg Surveillance · Thursday, July 30, 2026
Market participants are increasingly concerned about the upcoming midterm elections and the escalating conflict in the Middle East. The uncertainty surrounding these geopolitical events, combined with rising oil prices impacting consumers, is adding to market volatility.
“But there's also one thing that we're not talking about. That's bugging the market, which is the midterm elections. You know, markets do not like uncertainty. Generally, those summers before the midterm elections can be very ugly.”
“It's not also just the midterm election. It's also the conflict in the Middle East. The market thought the president was going to take a diplomatic group, and right now we actually see more strikes and it's spreading.”
“You'd have to because of the price of oil. Right the price of oil is going to hit consumers pockets through the transition mechanism of gasoline prices and other distolate products, fuel, all those types of things.”