Geopolitics Alpha

Congress should reassert its role in trade policy after the midterms

Published . Updated .

Congress should reassert its role in trade policy after the midterms

Along with higher oil prices associated with the Iran war, Trump’s tariffs are highly unpopular with the electorate.

Directly affected

  • No company is named in this report.

Indirectly affected

  • FRO Frontline+1.4%

    Tanker operators earn more when freight rates spike

  • INSW International Seaways-1.4%

    Tanker operators earn more when freight rates spike

  • DHT DHT Holdings

    Tanker operators earn more when freight rates spike

  • TNK Teekay Tankers

    Tanker operators earn more when freight rates spike

  • USO United States Oil Fund+4.9%

    Oil prices move when Iranian supply is at risk

  • XLE Energy Select Sector SPDR+3.8%

    Energy companies move with Iran supply risk

  • LMT Lockheed Martin+11.5%

    Defense contractors get more work when conflict spending rises

  • RTX RTX-0.4%

    Defense contractors get more work when conflict spending rises

  • AAPL Apple+4.8%

    Sales and supply chains are exposed to a new tariff

  • DAL Delta Air Lines-0.8%

    Airlines pay more for fuel when oil prices jump

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
FRONo price data for this ticker———————
INSWNo price data for this ticker———————
DHTNo price data for this ticker———————
TNKNo price data for this ticker———————
USONo price data for this ticker———————
XLENo price data for this ticker———————
LMTNo price data for this ticker———————
RTXNo price data for this ticker———————
AAPLNo price data for this ticker———————
DALNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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Congress should reassert its role in trade policy after the midterms The Hill

Source: The Hill

This story

CompanyWhenMoveStatus
GLDthat day-0.47%still updating
GLDthree days earlier+2.33%final price
GLDfive days earlier+3.51%final price
QQQthat day+0.41%still updating
QQQthree days earlier+1.80%final price
QQQfive days earlier+0.75%final price
SPYthat day-0.53%still updating
SPYthree days earlier+0.66%final price
SPYfive days earlier-0.09%final price
TLTthat day-0.29%still updating
TLTthree days earlier-1.97%final price
TLTfive days earlier-2.07%final price

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

25 out of 100Price not final

“Congress should reassert its role in trade policy after the midterms” scores 25 out of 100. The score uses 2 sources. The price is not final yet.