Quantum Solutions Sells Another 1,000 ETH to Fund AI Data Center

With prediction markets widely expecting Democrats to retake the House in the US midterm elections on November 3, attention is focusing on the historical pattern that stocks tend to rise under a divided Congress, a trend seen with high probability in both the US and Japan. When Sumitomo Mitsui DS Asset Management examined the past 11 US midterm elections since 1982, the S&P 500 rose an average of 3.8% in the three months before the vote and 5.9% in the three months after, with the probability of a post-election gain reaching 81.8%. Japanese stocks followed a similar path across the same 11 elections, with the Nikkei average falling about 3% in the three months before the vote and then rising about 3.3% in the three months after. According to JPMorgan's tally, since 1950 the S&P 500 has returned plus 25% over the two years from the seating of a new Congress under divided government, outpacing the plus 18% seen when a single party controls both chambers. However, if Democrats expand their power and a wave of stricter regulation on artificial intelligence data center construction spreads, it could undermine the market, and could deal a direct blow to the earnings of semiconductor-related stocks that carry heavy weight in the Nikkei average, making it necessary to keep watching developments around data center investment even after the election.