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US midterms may shift Congress control but likely won't cause major market changes, says TD Asset Management.

Market News
29 Oct 2026, 19:20 WIB
Seeking Alpha
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US midterms may shift Congress control but likely won't cause major market changes, says TD Asset Management.

The upcoming U.S. midterm elections could change which party controls Congress, but according to TD Asset Management's Christian Medeiros, this is unlikely to cause significant shifts in the overall market. Instead, any effects would be more focused on specific sectors rather than broad market movements. For Canadian investors, factors like trade policy and the 2028 U.S. presidential race are seen as more impactful than the midterm results themselves. TD Wealth highlights that investors can benefit from expert insights regardless of election outcomes.

Regarding the U.S. midterm elections, here is Pluang's Financials sector market snapshot as of Oct 29, 2026 22:42 WIB: Of 142 priced Financials-sector US stocks tradable on Pluang, 120 rose and 22 fell today. Notable movers include Deutsche Bank AG (DB) at USD 34.95 with a 1-day change of +4.30%, Apollo Global Management Ord Shs (APO) at USD 118.12 with +4.12%, and Affirm Holdings Inc (AFRM) at USD 76.09 with +3.78%.

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