We are seeing layoffs from Amazon (AMZN), Credit Suisse (CS), Meta (META), Lyft (LYFT), Nordstrom (JWN), and Gap (GPS), says Ed Siddell. He discusses how stocks sell-off after 2022 midterm elections. He also talks about what layoffs mean for the outlook for the economy, as well as how high inflation is weighing on the markets. He then goes over how gridlock in Washington could be a good thing for the market. He mentions how to position your portfolio if volatility remains elevated. Tune in to find out more about the stock market today.