Trump focuses on mid-term election policy adjustments, US stocks face industry risks

Ed Klissold, Chief US Strategist at Ned Davis Research, proposed the concept of "Big MAC Trading", which refers to the core theme of the US stock market in 2026 as the policy direction and impact before and after this fall's congressional elections. US President Trump has recently released a series of policy statements, focusing on improving the Republican Party's chances of winning in the November elections, and proposing adjustments in areas such as credit card interest rates and military dividends, which have led to a decline in banking and military sectors. Klissold believes that industry policy adjustments before the midterm elections will become market risks.