Markets

The stock market’s near-term fate could be decided by the tight Senate race as stimulus remains in limbo, Morgan Stanley says

With polls increasingly signalling a Biden victory, investors should shift their focus to Senate races, Morgan Stanley said Wednesday. Senate election outcomes “will mean the difference between substantial fiscal expansion and fiscal gridlock,” strategists led by Michael Zezas wrote in a note to clients. Treasurys and West Texas Intermediate crude […]
The stock market’s near-term fate could be decided by the tight Senate race as stimulus remains in limbo, Morgan Stanley says
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