Svmuu News: Ed Clissold, chief U.S. strategist at Ned Davis Research, has coined a new term—the "Big MAC" trade—an acronym standing for "Big Midterms Are Coming."He intends to use this concept to encapsulate what he sees as the central theme of the U.S. stock market in 2026: the direction of policy and its implications leading up to and following this fall’s congressional elections.U.S. President Donald Trump issued a flurry of policy-like statements early this year, moves that clearly indicate Donald Trump is focusing on boosting the Republican Party’s chances of winning the November election, with his policy efforts targeting the much-discussed issue of “affordability” in the U.S. This trend could have far-reaching implications for the stock market.Take last week’s market performance, for example: Donald Trump’s directive requiring credit card issuers to cap interest rates at 10%—a level less than half the current average—sent bank stocks plummeting as soon as the news broke;after he ordered defense contractors to suspend dividend payments and redirect funds toward production, the defense sector also took a heavy hit; and following the administration’s recent criticism of the Federal Reserve’s (Federal Reserve) independence, the entire Wall Street market was gripped by panic on Monday.Lissold wrote in his report: “Policy adjustments targeting specific industries will pose a major risk ahead of the midterm elections,” and the market is currently unclear on how to hedge against such risks. (Jin Shi)