November 09, 2026

Midterms, Divided Government, and Tech Rotation

Latest Publications Midterms, Divided Government, and Tech Rotation

Recap

The U.S. held its midterm elections on Tuesday. The results shifted the balance of power in Congress, creating divided government, which is expected to stall legislation, particularly those affecting power-intensive AI data centers. Major legislation may become more difficult to pass, while recently approved measures could face revisions during implementation.

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The Weekly Update is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.