AI bubble, power struggle within the Republican Party escalates, who is betraying Trump? The market has smelled the blood of 2026

XM Foreign Exchange APP News - On Wednesday (November 5), the U.S. dollar index remained fluctuating above 100. Yesterday, major short sellers in the U.S. funds disclosed their positions and made bearish remarks on U.S. technology stocks. The fermentation of public opinion caused President Trump to deliberately distance himself from the defeated Republican candidate, and ordinary Republicans fell into a dilemma of blaming each other. The www.qxkkl.cnbination of all factors caused Republicans to experience a storm of mutual accusations and accountability on election night. In this election, the Republicans suffered disastrous defeats in state-level races in Virginia, New Jersey, California and many other states, and the party was eager to find those responsible for the losses. Differences in attribution of defeat: Different parties have different interpretations of the "cause of defeat". Trump partially attributed his defeat to his failure to appear on the ballot. He also posted in all capital letters on the "Truth Social" platform, saying, "Polling agencies show that Trump's failure to appear on the ballot and the government shutdown are the two main reasons for the Republican Party's defeat in tonight's election." Trump's core allies blamed the problem on "poor candidate qualifications," and his aides more directly targeted Virginia gubernatorial candidate Winsome Earl-Sears and New Jersey gubernatorial candidate Jack Ciattarelli. A Republican and close ally of Trump, Vivek Ramaswamy (candidate for Ohio governor), believes that the Republican Party has failed to "effectively deal with the issue of rising costs" and that the people have not felt that the campaign promise of "lowering costs and increasing disposable income" has been fulfilled. Some Republicans tried to downplay the impact on Trump, saying that the defeat was due to "Democratic voters in Democratic-leaning states being more motivated to vote" rather than voters being dissatisfied with Trump, in order to cushion the impact on the 2026 midterm elections. A disastrous defeatHammer: The specific losses of the Republican Party in multi-state elections. The Republican Party's defeat this time is extremely significant. The key results include: Virginia: Democrats swept all three state-level offices and captured 13 seats in the state House of Representatives; New Jersey: Democrat Mickey Sherrill defeated Republican Jack Ciattarelli by 13 percentage points and also won Multiple counties that Trump won in 2024; Pennsylvania: Three Democratic justices on the state Supreme Court successfully retained their seats; California: Voters passed Proposition 50, redrawing congressional districts to favor Democrats; Georgia (leaning Republican): Democrats removed two Republicans in the state Public Service www.qxkkl.cnmission election. Key figures speak out: Evaluation of the defeat and campaign strategy advice Chris LaCivetta (former Trump campaign manager): He believed that Earl Sears' poor performance was "a defeat caused by himself", saying that "bad candidates and inefficient campaigns will inevitably lead to consequences, and the Virginia gubernatorial election is a typical case." Alex Brousewitz (Trump ally, super PAC leader): Accused Earl Sears of being "not a Trump ally", urging Republican candidates to "support the president more firmly and fully embrace the concept of 'Make America Great Again'", saying that "electing moderates who are ambiguous about Trump in swing states will not work." Mike Hahn (New Jersey Republican strategist): Thinks the New Jersey loss was Jack Ciattarelli's "own problem" (three losses, always a risk) rather than a poll on Trump. Andrew Colvitt (spokesperson of the organization "Turn to America"): argued that Trump should have given more support to Ciattarelli (who was endorsed by Trump), saying that "Trump's platform can increase the enthusiasm of his supporters to vote." Focus of controversy: Trump’s campaign participation and “alienation”. Almost no Republicans criticized Trump for his “refusal to participate in election activities in Virginia, New York, and California,” implying that participating in campaigns in states with traditional Democratic support may be “counterproductive.” However, Trump only held a telephone canvassing event for Republicans the day before the election (Monday), and his "alienation" from the party's core candidates was fully highlighted - especially Earl Sears, who had criticized him many times. Trump deliberately kept a distance throughout the entire process. It has had a marginal impact on the capital market and the results of this election through the transmission of policy uncertainty and the catalysis of market sentiment. It has had a marginal impact on the short-term capital market and the U.S. dollar index. In the medium and long term, it needs to anchor the evolution of policy expectations for the 2026 midterm elections: From the perspective of the U.S. dollar index, in the short term, it presents a "shock pattern supported by risk aversion." The U.S. dollar index is currently trading around 100.20. Affected by the internal divisions within the ruling party exposed by the election and the continued impact of the government shutdown, market risk appetite has fallen in stages, and the safe-haven attribute of the U.S. dollar has been moderately supported. Traders need to pay attention to the linkage between the U.S. dollar and risk sentiment - if the internal conflicts within the Republican Party intensify and trigger political risks, the U.S. dollar may rely on its safe-haven attributes to strengthen. At the same time, the market is paying attention to the ADP released at 21:15 tonight, which is also a small non-agricultural data. If there is a lower-than-expected development, that is, the number of people decreases too much, it may increase market sentiment towards the United States again.Due to the impact of AI bubble public opinion and the election, the US dollar received safe-haven buying, and the US dollar index closed above the 100 mark. (USD Index and Mini

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