In an NYSE Live interview, Jay Woods, Chief Market Strategist at Freedom Capital Markets, argues that elections often generate headlines and investor anxiety, but long-term stock performance is driven more by corporate earnings, economic growth and business fundamentals than by political outcomes. He says markets have often posted positive returns in the months after midterm elections as uncertainty fades. In his view, the recent tech-stock pullback mainly reflects profit-taking and portfolio rotation rather than weaker fundamentals. The discussion also covers earnings season, sector rotation, inflation, interest rates and the 2027 outlook, and suggests investors focused on long-term fundamentals may be better positioned than those reacting to political headlines.
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Related tickers and likely impact
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/02/2026 | 752.10 |
| Change that session | -0.48% |
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