Video: Macro Minute: We expect stocks to rally post-midterms, led by Technology/AI $QQQ.

This Macro Minute video offers a stock market outlook this week from Tom Lee, CFA, framed around the November 2026 U.S. midterm elections and their historical relationship with S&P 500 and Nasdaq 100 performance. Lee compares the current year’s S&P 500 pattern to prior midterm-election years, including episodes when Republicans controlled both chambers of Congress at the start of the year, and reviews how equal-weight indices have typically behaved around election day. He also discusses the Nasdaq 100 (tracked by Invesco QQQ Trust, QQQ) entering correction territory and how this episode compares with the June selloff earlier in the year.

The video further examines positioning and sentiment indicators, including investor risk appetite, prediction market expectations for congressional control, and commentary from prominent hedge fund Elliott Associates. Lee highlights Bloomberg’s Price Index work on the narrow sources of current inflation, focusing on energy and AI-related categories versus broader household spending, and connects this to recent moves in Treasury yields and market-implied odds for the December Federal Reserve rate decision. He closes by touching on post-close reactions in Advanced Micro Devices (AMD) and Arista Networks (ANET), and by incorporating tactical technical insights from Mark Newton. The full video and accompanying charts present Lee’s complete market analysis and view.

This Macro Minute video offers a stock market outlook this week from Tom Lee, CFA, framed around the November 2026 U.S. midterm elections and their historical relationship with S&P 500 and Nasdaq 100 performance. Lee compares the current year’s S&P 500 pattern to prior midterm-election years, including episodes when Republicans controlled both chambers of Congress at the start of the year, and reviews how equal-weight indices have typically behaved around election day. He also discusses the Nasdaq 100 (tracked by Invesco QQQ Trust, QQQ) entering correction territory and how this episode compares with the June selloff earlier in the year.

The video further examines positioning and sentiment indicators, including investor risk appetite, prediction market expectations for congressional control, and commentary from prominent hedge fund Elliott Associates. Lee highlights Bloomberg’s Price Index work on the narrow sources of current inflation, focusing on energy and AI-related categories versus broader household spending, and connects this to recent moves in Treasury yields and market-implied odds for the December Federal Reserve rate decision. He closes by touching on post-close reactions in Advanced Micro Devices (AMD) and Arista Networks (ANET), and by incorporating tactical technical insights from Mark Newton. The full video and accompanying charts present Lee’s complete market analysis and view.

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