A Democratic victory would be beneficial for the stock market: 1. Prevent Trump from escalating the war against Iran. 2. Prevent Trump from imposing arbitrary tariffs and driving up inflation. 3. Restore fiscal discipline in the US. Trump's meager support for AI is far less damaging to the stock market than the devastating impact of his haphazard macroeconomic policies. Tightening liquidity, starting with rising oil prices, has spread to Treasury yields, creating a butterfly effect that makes financing difficult for AI companies. The root cause of the stock market decline lies with Trump!