Bank of America warns stocks could slide over 10% if Democrats sweep Congress
Photo: Crypto Briefing
Strategist Michael Hartnett frames the November 2026 midterms as a referendum on AI infrastructure, with very different outcomes for equities depending on who wins Bank of America strategist Michael Hartnett has a message for anyone treating the November 2026 midterms as background noise. In a note from mid-August 2026, he outlined a scenario in which US equities could fall by more than 10% . The trigger would be a Democratic sweep of both chambers of Congress, paired with a Democratic win in the Texas governor’s race.
Source: Crypto Briefing
