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- Perspective : Midterm money madness
- Perspective : Midterm money madness
- Trump week from hell
- Should You Wait Until After the Midterm Elections to Buy the S&P 500?
Since 1950, the S&P 500 was higher one year after Election Day in all 19 U.S. midterm cycles, averaging about 15% by the author's count (BNY's study put it at 16.6%). Buying two weeks before the vote made only a small difference: the index rose in 14 of 19 cycles, gaining about 1.4% on average over those two weeks. An investor who bought two weeks early and held for a year came out ahead in all 19 cycles, averaging about 17% versus about 15% for those who waited until Election Day. The index now sits about 2% below its record close of 7,818.93 on Oct. 6 after its worst week since June, yet it is still up around 12% in 2026. The author wouldn't hold back cash for the midterms, while noting that 19 cycles is a small sample and a year's returns depend on many other factors.
- In Michigan, consumer sentiment is pessimistic before midterms
Michigan residents describe a tough economy, and the University of Michigan's consumer sentiment index, the nation's longest-running survey dating back to 1946, is lower than almost any time in modern history, including the stagflation era, the 2008 financial crisis and post-COVID price spikes. The share of consumers expecting wages to outpace inflation fell from 18% to 11% in September, as wages have not kept up with prices. According to the Bureau of Labor Statistics, grocery prices rose more than four percent over two years, AAA reports gas prices are up 35 percent, and Freddie Mac projects 30-year mortgage rates to stay above seven percent through next year. A Northville real estate agent said mortgage rates rising from 6.5 percent to 7.5 percent meant buyers could afford $50,000 less, leaving a house on the market for over a month. Trump had promised to bring prices down quickly, but many voters feel he has not kept that promise, raising the question of whether gloomy sentiment will translate into votes.
- Trump Rallies In Kentucky , Promises $5 , 000 Checks
President Donald Trump held a rally at Northern Kentucky University in Highland Heights on Saturday (October 17), urging voters to back Republicans in the midterms, which he called “the most important midterm in the history of our country.” He warned that “radical Democrats” could undo his administration’s accomplishments and promised $5,000 checks to American voters if Republicans keep control of Congress, according to WVXU. He also announced a potential $100 million investment in a pharmaceutical plant in Winchester, Kentucky, contingent on a Republican victory. Republican candidates Eric Conroy and Ed Gallrein spoke before Trump, while Indivisible NKY organized protests nearby. Local Democratic activist Crimson MacDonald stressed the importance of voting.
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- AI chip stocks bounce back as hyperscaler earnings loom, META equity raise in focus
AI chip stocks rebounded on October 19, with the Nasdaq up 1.3%, NVIDIA gaining 1.38% and Meta Platforms slipping 0.55%. Evercore ISI sees the recent pullback as coming ahead of a strong hyperscaler earnings season, and NVIDIA expects top five hyperscaler capex to reach nearly $800 billion in 2026. Meta guided 2026 capex to $130 billion to $145 billion, while second-quarter free cash flow fell to $784 million from $8.55 billion a year earlier. Analysts expect a Meta stock sale, and according to the article, the market is reportedly comfortable with about $30 billion, though Meta has not announced an offering. The article notes H100 pricing has held up, NVIDIA says it has supply for about 70% of demand, and GPU-backed loans are seen as the go-to option over unsecured debt at 15%.
- Mt. Gox Pushes Repayment Deadline to 2027 With $2.8B in Bitcoin Still to Distribute
Mt. Gox's rehabilitation trustee, Nobuaki Kobayashi, has pushed the repayment deadline back one year to October 31, 2027, with a Tokyo court's approval, because many creditors have not completed the required procedures or ran into problems. It is the fourth one-year extension, and about 19,500 creditors had received funds by the October 2026 deadline. Arkham data shows wallets linked to Mt. Gox still hold about 34,388 BTC, worth roughly $2.8 billion, with no transfers since June apart from a move of 10,422.65 BTC, mostly to a new wallet. Observers now see the remaining coins as a smaller risk, with one analyst calling the repayments 'more of a recurring headline than a real source of downside pressure.'
- 3 Reasons to Own McDonald's Stock by Dec. 1 to Qualify for Its First Payout as a Dividend King
McDonald's (MCD) is set to join fewer than 60 U.S. public companies designated Dividend Kings, which have paid and raised dividends for at least 50 consecutive years. Its latest quarterly payout is $1.93 per share, up 4%, and at $7.72 per share the forward dividend yield is 3.2%; shareholders who own the stock by Dec. 1 will receive the $1.93 payment on Dec. 15. The article notes that 96% of its 45,356 stores are franchised, and that the stock is down 20.5% year-to-date and 28.9% below its all-time high of $341.75 on March 2, with a forward P/E of 18.9. Weak U.S. same-store sales (up 0.8% in Q2 2026) and an $8.5 billion, 10-year investment plan, which adds $5 billion in costs through 2030, are cited as key factors.
- Shopify vs. Target: Which Technology Stock Is a Better Buy in 2026?
The article compares Shopify (SHOP) and Target (TGT) as two different ways to invest in modern commerce. Shopify serves millions of merchants in over 175 countries and reported FY 2025 revenue of nearly $11.6 billion (up roughly 30.1%), net income of about $1.2 billion and free cash flow near $2.0 billion, while stock-based compensation was roughly 22.1% of operating cash flow. Target, with nearly 2,000 stores, reported FY 2025 revenue of nearly $104.8 billion (down roughly 1.7%), net income of about $3.7 billion and free cash flow near $2.8 billion. The article details legal and competitive risks for both companies, and Target's forward P/E of 15 compares with 91.5 for Shopify. The author says they would choose Target if buying today, citing new CEO Michael Fiddelke's $5 billion plan to upgrade stores, product mix and supply chain, and a return to sales growth in fiscal 2026.
- PNJ Hits Ceiling Price as VN-Index Breaks Out of Red Zone
The VN-Index reversed to close 2.13 points (0.13%) higher at 1,691 points on October 20, ending a decline, though it did not regain the 1,700-point level lost in the previous session. PNJ hit its daily ceiling price of 19,750 dong per share ahead of an extraordinary shareholders' meeting expected on October 21. The company plans to propose revising its 2026 business plan to a post-tax loss of over 6,270 billion dong, due to provisions of over 7,000 billion dong related to a goods exchange policy, and to seek approval for a private placement of up to 550 million shares to professional investors. Steel stocks led gains, with SMC at its ceiling and NKG up 5.7%, while VHM fell 4.1% and foreign investors were net sellers of nearly 275 billion dong.
- Nvidia Reportedly Sees Alibaba, ByteDance, Tencent Order $35B In RTX PRO 5500 Chips Amid US Export Curbs
Reuters reported that Alibaba, Tencent, ByteDance and other Chinese firms have ordered over $70 billion worth of Nvidia's RTX PRO 5500 workstation graphics cards, with the three named companies accounting for more than 3 million units worth over $35 billion. Total orders from Chinese customers exceed 6 million units. Nvidia reportedly told partners it cannot guarantee fulfillment because demand exceeds planned production, and one source said it may deliver only 5% to 10% of the total order amount. The orders come as U.S. export controls bar sales of Nvidia's Blackwell-based B300 and limit H200 sales to case-by-case approval. Chinese companies reportedly want the less powerful RTX PRO 5500 mainly for AI inference, and NVDA stock edged 0.18% lower in pre-market trade.
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