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The David Lin Report · Thursday, September 10, 2026

Midterm Election Volatility Expected: Markets Down in Past Two Midterm Years

The upcoming midterm elections are anticipated to be contentious, with a potential sweep against Republicans. Historically, market performance in midterm election years has been negative, with the S&P 500 declining in both 2018 and 2022.

tickerS&P 500

The tape

1 quote
And what does it mean for markets? Bottom line, that's always what it means for markets. For me is neutral as possible. And my thought is, this is going to be very contentious midterm election year. Last two midterm election years, markets were down. 2018, 2022.
Heard on The David Lin Report — “Oil To 'Break' Everything; Stocks, Bitcoin, Gold Crashing 'Back Down' | Mike McGlone, published Thursday, September 10, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
Transcribed via Gemini audio transcription · $0.05
Midterm Election Volatility Expected: Markets Down in Past Two Midterm Years — Heardvine