CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Read the risk warning.
US MIDTERMS 2026 · POST-ELECTION OUTLOOK

America Has Voted.
What’s Next for Markets?

Track the reaction. Watch what’s next.

CFDs are complex instruments and carry a high risk of loss.
US INDICESUSD / FXGOLDOILBITCOIN
01 / FROM RESULTS TO MARKETS

Your post-election watchlist.

Choose a market. See why it matters and what to watch next.

US indicesEarnings meet policy

Why it matters now

Tax and spending proposals can change earnings expectations. Watch the details, alongside company results and interest rates.

Signals to watch

  • Tax and budget proposals
  • Company earnings
  • Treasury yields
Explore the market drivers
USD / FXRates still matter

Why it matters now

The election does not set interest rates. Inflation, employment and the Fed can reshape the dollar outlook as policy plans evolve.

Signals to watch

  • US inflation and jobs
  • Fed decisions
  • US versus overseas yields
Explore the market drivers
GoldUncertainty versus yields

Why it matters now

Political uncertainty is only part of the picture. Compare it with real yields and the dollar when following gold.

Signals to watch

  • Real Treasury yields
  • US dollar moves
  • Demand for defensive assets
Explore the market drivers
OilPolicy meets physical supply

Why it matters now

Energy-policy headlines need context. Global production, inventories and demand can outweigh the US political story.

Signals to watch

  • OPEC+ supply decisions
  • US crude inventories
  • Global demand signals
Explore the market drivers
BitcoinRules and risk appetite

Why it matters now

Watch concrete regulatory developments rather than assuming a party win sets Bitcoin’s direction. Liquidity and crypto-specific events still matter.

Signals to watch

  • Regulatory announcements
  • Trading liquidity
  • Crypto-specific developments
Explore the market drivers

A watchlist, not a price forecast. Policy proposals can change; other events also move markets.

02 / AFTER THE VOTE

The next chapter for markets.

The first reaction may not be the last.

01 / INITIAL REACTION

Look beyond the headlines.

Watch price moves, volatility and liquidity. Other news and economic data can also drive markets.

02 / POLICY OUTLOOK

Follow the negotiations.

Monitor proposals on taxes, spending and regulation. Proposals are not enacted policy.

03 / WHAT’S NEXT

Keep the wider picture in view.

Track economic releases, central-bank decisions and earnings alongside political developments.

03 / HISTORICAL CONTEXT

How markets moved after past midterms.

Compare five markets across 2014, 2018 and 2022.

2022US MIDTERM ELECTION
Reference price changes around US midterm elections, by market
MarketBefore≈ 1 monthElection windowEve → next dayAfter≈ 1 month
US indicesNasdaq Composite−0.82%−2.00%+6.29%
USD / FXEUR/USD+2.17%+0.40%+5.11%
GoldGold futures · GC=F−1.41%+2.00%+5.15%
OilBrent spot+1.00%−6.83%−17.93%
BitcoinBTC/USD+5.27%−23.04%+8.18%

2022 also included major crypto market turmoil. These moves cannot be attributed to the election alone.

Markets responded differently across these periods. Election results were only one of several influences.

Past performance does not predict future results. Reference prices shown; these are not Pepperstone CFD returns.

What’s your view?

Explore the factors behind each market’s response.

Open an account
Calculation & limitations

Percentage change = (ending price ÷ starting price − 1) × 100. Windows: 2014 Oct 3–Nov 3, Nov 3–5, Nov 5–Dec 5; 2018 Oct 5–Nov 5, Nov 5–7, Nov 7–Dec 7; 2022 Oct 7–Nov 7, Nov 7–9, Nov 9–Dec 9.

Observation times vary by market. Figures exclude spreads, financing and other CFD costs. Other events affected these periods; three elections do not establish a reliable pattern for 2026.

04 / THE PEPPERSTONE DIFFERENCE

Your view.
Our trading technology.

5

Platform choices

MT4, MT5, cTrader, TradingView
and Pepperstone Platform & app.

24/7

Selected markets*

Trade eligible perpetual CFDs,
including weekends.

900K+

Traders worldwide*

A global community
across Pepperstone Group.

Multi-
regulated

Global presence

Group companies licensed
in multiple jurisdictions.

*Pepperstone Group trader figure as at 1 March 2026. 24/7 applies to eligible perpetual CFDs only. Product, platform and entity availability vary by jurisdiction.

05 / OPEN AN ACCOUNT

Your account.
Three steps.

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

01ApplyComplete your application.
02VerifyConfirm your identity.
03FundAdd funds when ready.
Open an account