JECohen says fundamentals drive long-term market returns over political outcomes

• Long-term portfolio returns depend more on corporate earnings, interest rates and economic trends than on midterm election outcomes, the analysis found.
• The federal deficit rose 12% to $1.99 trillion in the fiscal year ended September 30, 2026.
• National debt surpassed $40 trillion; the $41.1 trillion statutory debt ceiling could be reached by mid-2027.
• The 30-year Treasury yield has remained above 5% since June, raising refinancing costs as existing government debt matures.
• Policy uncertainty could trigger short-term market volatility, but major indices have historically stabilized quickly following government shutdowns.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. JECohen published the original content used to generate this news brief on October 26, 2026, and is solely responsible for the information contained therein.