Markets

Why the stock market is loving the prospect of a divided government

Stocks are rallying the most in months despite the US presidential race still being up in the air. T hat’s because the most important election outcome has already emerged. A Republican-controlled Senate, which seems likely to emerge, can also block tax hikes and regulations sought by Democrats. Senate Majority Leader […]
Why the stock market is loving the prospect of a divided government
Markets

The world’s largest wealth manager explains how the Fed has completely altered how the stock market works — and says the S&P 500 can climb another 9% by next June

The Federal Reserve’s unprecedented monetary easing decoupled the stock and Treasury markets, but it might play right into investors’ hands, Mark Haefele, chief investment officer at UBS, said Thursday. Treasury yields typically rise when stocks do, but the Fed’s forecast of near-zero rates lasting for years led Treasurys to sink […]
The world’s largest wealth manager explains how the Fed has completely altered how the stock market works — and says the S&P 500 can climb another 9% by next June
Markets

UBS lays out market strategies for all 3 economic-reopening scenarios, from a successful recovery to a COVID-19 resurgence

Uncertainty around the coronavirus pandemic’s trajectory has led Mark Haefele – chief investment officer at UBS– to detail three strategies for various economic-reopening scenarios. The bank’s more optimistic scenario sees the US avoiding a second wave of COVID-19 cases and reopening through June. Value and cyclical stocks would be best […]
UBS lays out market strategies for all 3 economic-reopening scenarios, from a successful recovery to a COVID-19 resurgence