#Strategy加仓BTC Wall Street has recently exploded with a new concept—Ed Clissold, a strategist at Ned Davis Research, coined a term called "Big MAC trading," pointing to the real pain point for the US stock market in 2026: the policy chaos before the fall elections.

Where is the problem? Trump’s policy blitz at the beginning of the year, each aimed at boosting the chances of winning the November congressional elections. But these moves are like a series of bombs for the US stock market: demanding credit card interest rates cut to 10% (less than half of the current rate), causing bank stocks to crash; ordering military contractors to halt dividends and ramp up production, leading to a heavy hit in the military sector; and criticizing the Federal Reserve’s independence, making Wall Street tremble all week.

On the surface, it seems to be addressing affordability issues for the public, but at its core, it’s putting pressure on the US stock market. Clissold’s conclusion is straightforward: policy adjustments before the elections are a giant black swan, and the most painful part is that the market currently has no hedging tools.

In simple terms, to win the elections, all kinds of stimulative measures are being used, but the US stock market has to swallow the aftermath of these policies. And this uncertainty cannot be avoided. In the coming months, the US stock market will basically dance along with the political calendar, and investors should be prepared for a rollercoaster ride.