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REAL-TIME GLOBAL RESEARCH

2026 MIDTERM ELECTION SERIES

Published: 2026-09-16Institution: JPMorganPages: 27Original language: English

Research evidence excerpt

2026 MIDTERM ELECTION SERIES – SEPTEMBER 16, 2026

JPM US MARKET INTELLIGENCE

JPMORGAN US MARKET INTELLIGENCE

2026 MIDTERM ELECTION SERIES – SEPTEMBER 16, 2026

QUICK LINKS

SUMMARY

WHAT HAS CHANGED & INTERESTING ARTICLES

ELECTION ODDS

SCENARIOS & TRADE IDEAS

KEY SENATE RACES

KEY HOUSE RACES

THE MONEY

VOTER FRAUD

VOTERS CONCERNS & TOP ISSUES

JPM RESEARCH

SUMMARY

Dubravko tells us that on average, the sitting President’s party has lost ~27 House seats

and ~3 Senate seats over the last 23 midterm cycles (here). If that trend holds, Dems will

take the House, and the GOP will hold the Senate. This aligns with betting markets which

see a 48% chance that the GOP holds the Senate and an 86% chance that Dems take the

House. The economy and affordability screens as the most important issue, complicated by

an unpopular conflict with Iran. Data is as of 9/15/2026.

For an expert view on the Midterms, please listen to the discussion between Bob Cusack

(Exec. Editor, Washington Examiner), Mike Feroli (JPM Chief US Economist), and

Samantha Azzarello (Head, JPM Content Strategy). Their webinar is available here.

NOT A PRODUCT OF RESEARCH

1

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