Fidelis Capital sees rising political risk for data-center development after midterms

• Projected Democratic control raises data-center development risks, with reduced tax incentives and tougher environmental requirements potentially increasing costs and slowing capital spending.
• Fiscal and monetary conditions are expected to tighten in 2027 as stimulus fades, capital spending slows and Federal Reserve policy remains restrictive.
• Financial companies could face renewed pressure for a 10% cap on credit-card interest rates, though near-term deregulation may offset risks.
• Pharmaceutical companies face headline risk from broader drug-price control proposals, even if legislation is unlikely to pass.
• The 12-month equity outlook remains constructive; the S&P 500 has not declined in the year following midterm elections since 1938.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fidelis Capital Partners LLC published the original content used to generate this news brief on November 05, 2026, and is solely responsible for the information contained therein.