Donald Trump blamed the soon to be in power Democrat Party after the market took a $2.5 trillion hit just one day after the Democrats' blue tsunami drowned Republicans in the midterm elections.
asserted
tsunami → blame → elections
The nationwide Democratic victories triggered financial carnage for Wall Street, as their control of the Senate raises the possibility that governments may pause construction of more data centers across America.
uncertain
governments → trigger → America
Trump warned that this was the Democrats' fault in a post to his Truth Social media page Thursday.
asserted
this → warn → page
'The Stock Market suffered one of the Worst Days in History based on the results of the Election,' Trump said.
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Trump → suffer → Election
Democrats have gained 40 seats already in the House with 27 contests still on the board, as well as a shocking seven Senate seats with two more still favoring them left to be decided.
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two → gain → them
It took so much work to get us to a level that no one has ever seen before, and then this.
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one → take → that
Your 401(k)s have, therefore, dropped.
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401(k)s → drop → ?
Remember, it wasn’t Republicans, it was Dumocrats,' Trump added.
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Trump → remember → ?
The President bragged of having come up with the new 'Dumocrat' nickname as he campaigned for candidates on the trail.
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he → brag → trail
'Do not fear, however, we will soon, one way or the other, be BIGGER AND STRONGER THAN EVER BEFORE.'
asserted
we → fear → ?
Donald Trump blamed the soon to be in power Democrat Party after the market took a $2.5 trillion hit just one day after the Democrats' blue tsunami drowned Republicans in the midterm elections
The tech-heavy Nasdaq Composite fell nearly 5 percent, putting it firmly in correction territory after the gradual declines seen over the last four weeks.
asserted
Composite → blame → weeks
The benchmark S&P 500 was down 3.6 percent as of midday
Today's stock massacre is a far cry from the numbers Wall Street saw on Wednesday morning, after the Democrats seized control of both houses in a victory that gave them the power to block President Trump's legislation.
Following the release of results from across the country, stock markets saw decent gains after the Republican party suffered massive political loss.
asserted
party → see → loss
Trump posted about the surge on Truth Social, taking credit for the stock market boom:
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Trump → post → boom
'Stock Market just hit another Record High — 91 Days in just a short period of time — Less than two years.
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Market → hit → time
Stocks related to the artificial intelligence trade were decimated - with tech companies supplying data centers and microchips being the hardest hit.
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companies → relate → centers
Democrats in power would mean fewer purchases of AI chips and other super intelligence tech-related products, which are currently driving much of the US economy's growth.
asserted
which → mean → growth
As a result of the uncertainty, shares of chip manufacturers Nvidia and Broadcom saw stunning losses on Thursday - NVDA fell 9.3 percent on the day while AVGO dropped 10.5 percent – and competitor Qualcomm finished the session down 9.5 percent.
asserted
Qualcomm → see → session
The tech-heavy Nasdaq Composite ended the day down 5.5 percent, putting it firmly in correction territory after the gradual declines seen over the last four weeks - while the benchmark S&P 500 index fell 4.3 percent.
asserted
index → end → weeks
Both indices saw their worst one-day declines since President Donald Trump shook markets worldwide in April 2025 after announcing his 'Liberation Day' tariffs.
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Trump → see → tariffs
All in all, Wall Street pros and the retirement accounts of regular Americans are staring down a total of $2.5 trillion in paper losses.
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pros → star → losses
According to eToro analyst Jakub Rochlitz, the most obvious catalyst for the selloff is markets pricing in the midterm results.
'But the first domino to fall was Anthropic's and OpenAI's growth numbers, which failed to impress investors at the beginning of October,' Rochlitz told the Daily Mail.
uncertain
Rochlitz → accord → Mail
'That made the market more sensitive to negative news, which has piled up in recent days.
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which → make → days
'The midterm election result didn't really create a new fear, it was just the gust of wind that pushed over the house of cards that was already getting shaky,' former Goldman Sachs analyst Nic Puckrin told the Daily Mail.
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Puckrin → create → Mail
The huge selloff is also being helped along by the sky-high amount of leverage - or borrowed money - among investors.
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selloff → help → investors
By some indicators, markets are trading at a level of speculation not seen since the dot-com bubble: Money borrowed to finance investing - so-called 'margin debt' - hit a record $1.5 trillion in June, up roughly 50 percent from a year earlier.
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Money → trade → June
According to Fed data, U.S. households hold a record 48 percent of their financial assets in stocks - at the peak of the dot-com bubble, that figure was 38.7 percent.
uncertain
figure → accord → bubble
'What the markets were missing was a spark to start the selloff.
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missing → miss → selloff
It seems that the mix of the election result and some disappointing tech earnings results was enough to tip markets over the edge,' Rochlitz told us.
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Rochlitz → seem → us
A notable loser today is Elon Musk, who spent nearly half a billion dollars on the 2026 midterms supporting Republican candidates across the country.
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who → spend → country
When combined with yesterday's brutal post-election losses, shares of Tesla have lost nearly 15 percent in two days - knocking about $39.4 billion off his fortune.
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shares → combine → fortune
Taken together, he has suffered $152 billion in paper losses since the election.
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he → take → election
Democratic Party leaders have said they plan to take a harder line on AI regulation as they prepare to take control of Congress in January 2027.
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they → say → January
Their priorities include mandatory safety testing, federal oversight of advanced AI models, restrictions on data-center expansion and protections against rising electricity bills.
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priorities → include → bills
'It will take months for the market to figure out what impact the Democrats will really have on the AI buildout, and the impact on data center construction will take even longer to actually materialize,' Puckrin told us.
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Puckrin → take → us
The next signals to watch will be guidance from hyperscalers on future capital expenditures, as well as whether they start shifting more of their future infrastructure projects outside the US to Asia or even the Middle East.
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they → watch → Asia
In the background, the success of a huge wave of local anti-AI ballot measures exposed widespread opposition to data centers, as voters across the country overwhelmingly backed measures to restrict or prevent their construction.
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voters → expose → construction
They ranged from outright construction bans and temporary moratoriums to restrictions on energy consumption and requirements for residents to approve projects before work can begin.
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work → range → projects
The Aporia
