The only predictable part of midterm elections is how they raise blood pressures, particularly worries about how the economy will respond. Sprinkle in ongoing attention on oil prices, tariffs, and affordability, and you might wonder what's next for your portfolio in the short term. Chief Investment Strategist Katie Klingensmith is back to explain what history shows us about midterm elections and their effect on the economy. And most importantly, whether you should consider making any changes based on the potential outcomes. She and Michael Liersch also talk through the anxiety around elections, the ways policy really does matter, and where you can focus your attention.

Related reading: “What decades of data say about elections and markets” from Katie Klingensmith Elections and Markets: What Decades of Data Reveal About Investing

Investing strategies, such as asset allocation, diversification or rebalancing, do not ensure or guarantee better performance and cannot eliminate the risk of investment losses. All investments have inherent risks, including loss of principal. There are no guarantees that a portfolio employing these or any other strategy will outperform a portfolio that does not engage in such strategies. Past performance does not guarantee future results.

Produced October 2026. AM6035349