Elon Musk’s $400 Million Election Gamble

Episode 267 of The Compound and Friends has Josh Brown and Michael Batnick speaking with Dan Clifton, partner and head of policy research at Baird Strategas, about the market reaction to the 2026 midterm elections. The discussion covers the selloff in Nvidia and AI stocks, whether backlash against data centers could affect the AI buildout, how the election might reshape Big Tech spending, and the historical pattern of post-midterm stock rallies. It also takes in oil prices and the Iran war, the Fed and interest rates, strength in healthcare and biotech, drug pricing, and whether Washington will act on congressional stock trading and government corruption.

1. The episode opens with what the description calls market chaos following the 2026 midterms and the political shakeup's meaning for investors.
2. Guests examine the selloff in Nvidia and AI stocks and whether local opposition to data centers could slow the AI boom.
3. Clifton discusses how the election could change Big Tech spending, and the hosts raise history suggesting stocks could rally after midterms.
4. Other segments cover oil prices and the Iran war, the Fed and rates, healthcare and biotech strength, drug pricing, and congressional stock trading.