Wall Street reaction to 2026 midterm elections

Welcome back at 624 and today's Dollars and Cents. The big news this morning, Democrats have taken control of the House and the Senate. The reaction on Wall Street is huge with the Dow now set to jump more than 1,000 points. Joining us now, financial advisor Chris Markowski. Chris, why the huge rally? Is it optimistic or just the uncertainty is over? I think it's a little bit of both. You know, it's funny. It's like Like, I remember the movie Groundhog Day. You got the Sonny and Cher music. Every single time we have an election, two year, four year, I get a phone call at like two o'clock in the morning. Chris, you want to come on and talk about the market is going to collapse. And I'm like, it's not going to collapse the futures down in the middle of the night. Everything is going to be just fine, for crying out loud. And it happens every single time. You'll have the futures sell off, and then all of a sudden you wake up in the morning and everything is okay. Okay. I'm a big believer that the Capitol building in Washington, D.C. is the grand cathedral of unintended consequences. They pass things, and we end up getting hurt in the long run. The markets love this type of separation and balance when it comes to government. And the president, Republican, or whatever, MAGA, whatever it may be, and you got the Democrats now in charge of Congress, guess what? Maybe they'll do no harm, and that's kind of how the markets look at this thing. Yeah, you talked about that earlier in the week. It may be a little bit of checks and balances as well when you have it spread out, right? Talk about the NASDAQ for a moment. It was starting up just a tiny bit. It's still up. The NASDAQ were all those big tech companies, AI chip companies. It sounds like several ballot measures passed across the country that are designed to slow down the development of those data centers. What are the concerns for those companies? Um, who they're going to be writing checks to next, I suppose, wasn't that long ago, all those guys were Democrats last time, two, three years ago, we're going to change hats now, you know, write a check to a different group, you know, meet the new boss, same as the old boss kind of thing. Yeah, it's very, very interesting. We had that same conversation here. It's like, oh, wow. It used to be when Republicans, uh, won the, you know, lost the Dow would head down and the NASDAQ would head up and it's, um, anyway. Some chaos and uncertainty is at least over going forward. Chris Murkowski, thank you so much for weighing in. You got it. Have a great day. You too.