The CITIC Securities Research Report points out that halfway through the 2026 midterm election process, the main game strategies of the two parties are gradually becoming clear. After a state-by-state analysis, CITIC Securities believes that the Democratic Party's victory over the House of Representatives and the Republican Party holding the Senate is currently the most likely outcome. A split between the two houses will increase friction over Trump's administration, but as long as the Republican Party retains the Senate, the pressure on issues involving the Supreme Court, impeachment investigations, and election disputes will be limited. The “TACO” restrictions on Trump in the election may be weaker than previous market expectations, so it is recommended to observe changes in financial conditions and asset prices more.

The CITIC Securities Research Report points out that halfway through the 2026 midterm election process, the main game strategies of the two parties are gradually becoming clear. After a state-by-state analysis, CITIC Securities believes that the Democratic Party's victory over the House of Representatives and the Republican Party holding the Senate is currently the most likely outcome. A split between the two houses will increase friction over Trump's administration, but as long as the Republican Party retains the Senate, the pressure on issues involving the Supreme Court, impeachment investigations, and election disputes will be limited. The “TACO” restrictions on Trump in the election may be weaker than previous market expectations, so it is recommended to observe changes in financial conditions and asset prices more.