Accessibility helpSkip to navigationSkip to main contentSkip to footer Discover how the midterms will shape policy, markets and the global economy with expert FT analysis. Discover how the midterms will shape policy, markets and the global economy with expert FT analysis. Perhaps you’re old enough to remember yesterday, when Wall Street stocks posted their biggest gain in three months as investors bet that the Democrats’ resounding victory in the US midterm elections would cause policy gridlock in Washington: Maybe you can recall when inflation fears were damped by Brent crude closing yesterday’s US session below $100 a barrel for the first time since September, and when a nearly 11 basis-point tightening of the Franco-German 10-year spread signalled optimism in Europe.
You might even remember when the Nasdaq Composite advanced by 1.4 per cent, literally yesterday, when tech megacaps outperformed amid a rotation from the weakest of AI names that meant selling was contained among semiconductor stocks, neocloud developers, and politically exposed names like SpaceX. Those of you with even longer memories might recall the numerous years that we in the media have been pontificating about the potential for bubbles to form in AI infrastructure and related spaces like private credit. If not, remind yourselves by looking at today’s coverage rather than yesterday’s.
Our only point is that market reporting is hard because markets are hard. Your perspective on today’s sell-off might be more insightful, in which case please use the comment box, because we got nothing. CopyrightThe Financial Times Limited 2026.All rights reserved.
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