Market watches US midterm election variables: if Democrats win, AI-related stocks may suffer a setback
US midterm election variables have drawn market attention, and 野村證券's Makoto Furukawa noted the market has not fully priced in the election's impact. Data center construction has become a local focal point; if Democrats win and strengthen regulation, AI stocks may be hurt; under a divided government, bond yields and the foreign exchange market face multiple variables and opportunities.
Facts
- 野村證券 chief portfolio strategist Makoto Furukawa said the market has not yet fully reflected the election's impact in pricing.
- Around 20 communities across the US will decide in referendums whether to ban or pause data centers.
- Dan Diorio, executive vice president of 資料中心聯盟, warned that bans would send a signal of rejecting investment.
- A Bloomberg survey shows 53% of respondents predict that Democratic control of both chambers would lower US Treasury yields.
- Historically, in the 9 midterm elections in which Republicans held power and faced a divided government, US stocks rose within six months every time.
Companies mentioned：野村證券、Monument Advocacy、資料中心聯盟、英商巴克萊、CCI Asset Partners、三菱UFJ摩根士丹利證券、澳洲聯邦銀行、法國興業銀行、德意志資產管理