Market strategist Ouy said that the reaction of the U.S. stock market to the midterm elections depends on the gap between the results and expectations

Market strategist James Owyhee stated in a report that the U.S. stock market's reaction to the midterm election results may depend less on which party wins and more on how much the final outcome differs from investors' prior pricing expectations. Owyhee noted that regardless of the election results, a clearer political landscape is expected to alleviate some of the uncertainties currently suppressing market sentiment.

If the Republican Party performs better than expected, related industries that support policy continuity may be boosted. The divergence in priorities between the White House and Congress may slow down the legislative process but could also limit large-scale policy adjustments. He also pointed out that the Texas gubernatorial election is worth watching, as the state is increasingly becoming a popular destination for artificial intelligence data center investments.