In the midterm elections in the United States, Wall Street has started betting: Xiao Mo has directly provided three trading maps! Two months before the midterm elections in November, JPMorgan Chase has already listed the asset winners and losers corresponding to different results. Medical, military, finance, energy Crypto， It can almost be directly used as a 'political thermometer' in the United States. The highest probability given by the gambling market now is that the Democratic Party will win both houses of Congress, about 47%. If it really happens, fiscal stimulus will be more biased towards lower level consumption and healthcare security, benefiting low-priced retail and healthcare sectors such as WMT and DG. The cost is that regulation will become stricter again, and the crypto lines of finance, oil and gas, new defense technologies, COIN, HOOD, and MSTR will all be suppressed. The second option is for the Democratic Party to win the House of Representatives and the Republican Party to defend the Senate, with a probability of about 39%. This is actually what Wall Street is most familiar with: big policies are stuck together, traditional military budgets are the most stable, old military industries such as LMT, GD, and RTX benefit, healthcare continues to be more favorable, but investment banking and capital market businesses lack the catalyst for further relaxation of regulation. What is truly worth remembering in the crypto community is the third type: The Republican Party continues to control both houses of Congress, with a current probability of only about 16%. Once this result begins to be re priced by the market, it will not only be Trump's concept that is being traded, but the entire relaxed regulatory portfolio - including finance such as GS and MS, oil and gas pipelines, raw materials, the return of US manufacturing, new military industries, as well as COIN, HOOD, and MSTR - will all benefit simultaneously. Crypto also has an independent catalyst: the more Republican oriented the congressional structure, the less resistance there will be to further legislation on cryptocurrency market structures such as the CLARITY Act. So in the next two months, the midterm elections will directly affect the market trend and must be closely monitored. If the Republican Party's victory rates in both houses continue to climb, Crypto、 Finance, energy, and defense technology are likely to tell you earlier than the market: Money has already started betting on elections.