The midterm elections bring plenty of uncertainty to the markets, especially this year, as volatility has returned. 

"An environment where there are checks and balances is typically a good one for stocks - stocks certainty embraced the tax reform legislation but I don't know if the stock market is as positive about things like trade policy," said Kristina Hooper, chief global market strategist at Invesco, and a panelist on TheStreet's monthly Trading Strategies roundtable. "So this could be an environment where checks and balances on trade policy might be a welcome thing so we could see some upside from midterm elections."

To watch the entire 30-minute Trading Strategies roundtable, click here.

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