Good morning, it’s Tuesday, November 3, 2026. Americans head to the polls today. Wall Street already cast its vote yesterday—against expensive AI stocks.

The Nasdaq 100 slid into correction territory Monday, Apple and Palantir are falling pre-market despite beating estimates, and Brent crude is back above $105 as US-Iran peace talks stall.

The split was stark: the Dow rose 0.4% while the Nasdaq fell 1.1%.

The setup: Expect a cautious, choppy session. The real verdicts land after the bell—AMD earnings at 4 PM, then election results overnight.

For your portfolio, the bigger question isn't who wins Congress. It's whether AI profits can still justify the prices you're paying.

➤ Trump’s “Super Intelligence” stock ready for lift-off →
(from Chaikin Analytics)

Tech is steadying after Monday's selloff. The Dow is giving back yesterday's gains.

Expect volatility at 10:00 AM ET.

What's moving the market: Oil is rebounding on doubts that Washington and Tehran can close a peace deal, AI earnings are getting punished even on beats, and traders are hedging ahead of tonight's election results.

TODAY’S CATALYSTS

Most important: AMD. With the Nasdaq 100 in correction, AMD's data-center outlook is tonight's referendum on AI demand. A strong guide could steady chip stocks. A soft one could extend the selloff.

Sixty-year Wall Street veteran Marc Chaikin's former clients include billionaire investors like George Soros and Steve Cohen.

He created an award-winning system that pinpointed Nvidia before it skyrocketed more than 50,000%.

Now, as a direct result of Executive Order #14363 issued by the administration, the next-generation AI data centers are coming online.

More importantly, he says his No. 1 stock is leading the buildout – and you need to own it before November 16.

Click here to get its name and ticker.

Please support our sponsors!

All 435 House seats and 35 Senate seats are on the ballot today, deciding control of Congress for the back half of President Trump's term.

Traders are hedging, not panicking. Options are pricing roughly a 0.9% S&P move today and about 1.9% through Friday.

History leans your way. The S&P 500 has been higher 12 months after every midterm since 1990, averaging 16.9%.

The bigger tell this time may be Treasuries. With the 10-year near 4.9%, any result that shifts expectations for deficits or tax policy could move yields—and rate-sensitive stocks—faster than the vote count.

What this means for investors: Don't trade tonight's headlines. Watch the 10-year yield Wednesday morning.

Beating estimates isn't enough anymore. Apple topped forecasts but fell after hours on a weaker holiday-quarter margin outlook, citing rising memory costs and softer Services.

Palantir is down as much as 6% pre-market despite its own beat.

Then there's Marvell's $115B all-stock deal for Lumentum. Investors hated it: Marvell fell 12.7% and Lumentum sank 18.6% Monday.

The message is consistent. Investors want proof that AI spending turns into profits, and they're punishing dilution and margin pressure.

That puts AMD squarely in the hot seat tonight.

Keith Kaplan's firm has invested $17 million into their own AI research and tools. They've built a platform that 180,000 people worldwide use in the stock market.

Now he says there's a handful of stocks you need to buy before November 30th, to set yourself up for 1,000% potential returns in the near future.

Here are the stocks you need to buy for the chance to profit.

If oil holds above $100 → inflation stays sticky and Fed relief gets harder; energy producers' cash flows benefit while airlines and consumers feel the squeeze.

If the 10-year pushes toward 5% → more pressure on long-duration growth stocks; better locked-in income for savers and retirees.

If AMD disappoints → the AI correction could spread across semis and data-center names; dividend payers and value sectors may hold up better.

The opportunity: Intermediate Treasuries, with the 10-year yielding near 4.9%.

Why now: Stocks are wobbling on AI valuations and election uncertainty, while bonds offer income retirees spent a decade waiting for.

Bull case: If the AI correction deepens or growth slows, falling yields could add price gains on top of income.

Risk: Heavier government borrowing or oil-driven inflation could push yields higher first.

Watch: Treasury's quarterly refunding announcement tomorrow and Friday's jobs report.

AI data centers are soaking up memory chips, and everyone else is paying for it. IDC estimates memory costs are up roughly 350% from last year.

Apple just showed what that does to margins. The same squeeze could hit phone, PC and server makers that can't raise prices fast enough.

Watch: Whether AMD and other hardware names flag memory costs on their calls this week.

Money is rotating out of AI megacaps and into old-economy names.

Monday, the Dow gained 0.41% while the Nasdaq Composite fell 1.07%—a 1.5-point gap in a single session.

Options traders are buying protection too. The VIX sits near 21.6, and short-dated volatility is trading above spot with the election inside its window.

That's caution, not capitulation.

Across 31 midterms since 1900, stocks gained an average of just 2.9% in the year before Election Day—and 12.4% in the year after.

The pattern suggests uncertainty, not the outcome, is what weighs on markets. Once results are known, investors tend to refocus on earnings and rates.

Stocks enter Election Day cautious but not fearful, with the AI trade under its toughest scrutiny in months. AMD tonight and the bond market tomorrow will tell you more than the vote count.

Stay patient, keep some dry powder, and let volatility come to you.

P.S. One AI tool would've outperformed Berkshire Hathaway by 347% through two crashes, hiked tariffs and major volatility. Claim your free access to our AI tool today to protect your portfolio from any more stock market losses.