Editorial summary · data as of July 18, 2026

Eight forces, one ledger.

Eight forces are hitting one midterm at once: a war that ran through energy prices, tariffs still landing in the grocery bill, and wealth concentrated at levels the country has not seen since the first Gilded Age. No modern midterm has carried this much. We keep the score below, with sources.

Eight forces are hitting one midterm at once.

The Dashboard

See all → ·
Generic ballot
D+5.8 (neutral)
Latest special (vs 2024)
D+20.3 (neutral)
Net approval
-17.4 (improved)
Real wages (production)
3.4% (worsened)
Headline inflation
3.5% (improved)
Unemployment (U-3)
4.2% (improved)
Gas (AAA/gal)
$3.9 (worsened)
Diesel (AAA/gal)
$4.8 (worsened)

Arrows mark direction of improvement; blue and red mark party data, nothing else.

Senate battlefield · top 4

Latest poll-average margin. Dot shows current lean.

GA
Toss-up
ME
Toss-up
MI
Toss-up
NC
Toss-up
2026 Forecast
Democrats are slightly favored to take Congress.
59%Democratic control

Republican control is unlikely (about 1 in 4).

Senate54 D · 46 R
House250 D · 185 R

Probabilities, not predictions. The margin of error is wide this far out. See the full forecast →

Economic strain · 6 indicators

Core inflation
2.6%
↓ from 2.8% (improved)
Underemployment (U-6)
7.9%
↓ from 8.1% (improved)
Nominal wages
3.5%
↑ from 3.4% (improved)
Consumer sentiment
44.8
↓ from 47.6 (improved)
S&P 500
7,543.59
↑ from 7,482.71 (worsened)
10-year Treasury
4.5%
↑ from 4.4% (worsened)

Color marks direction of improvement, not party.

Calendar

through Aug 4
  • Jul 21 AZ House primaries in 2d
  • Jul 25 ME Democratic nominating convention Senate nominee after Platner withdrawal in 6d
  • Jul 28 SD primary runoff in 9d
  • Aug 4 KS, MI, MO, VA, WA primaries MI Senate: Stevens vs. El-Sayed in 16d

Latest

1 update · See all →

The Analysis

~178 min · 3 of 6 parts
The Thin Gold briefing

Reported analysis of concentrated economic power, the populist response, and the 2026 midterms. Sourced, dated, and sent to your inbox.