Veytics Intelligence
2026-11-04 · CNBC

What was really behind Wednesday's monster rally? Trump quickly making peace

On Wednesday, the stock market experienced a significant increase following a decisive victory for Democrats in the 2026 midterm elections. However, this was not the sole factor contributing to the market's rise. Thomas Hempell, a senior economist at Generali Investments, stated, "President Trump's acknowledgement of the Democrats' victory in the midterms and his expressed openness to collaborating with the opposition have helped markets to rally on hopes that contestation of the results and more adverse polarization can be avoided." Trump's comments to The New York Times and The Wall Street Journal, where he accepted the election results and indicated a willingness to work with Democrats, coincided with a rebound in stock market futures.

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