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Mark Haefele is probably the most influential voice in the market you’ve never heard of.
A former lecturer and acting dean at Harvard University, Haefele is now global chief investment officer at UBS Wealth Management. In that role, he oversees the policy and strategy for about $2 trillion in assets.
Business Insider recently caught up with Haefele and discussed why he is still bullish on US stocks and what to expect now that the vote for a British exit from the EU, or Brexit, is a done deal. Here’s what he had to say.
Millionaires, billionaires, and the big names in tech and media have descended upon Sun Valley, Idaho, for Allen & Co.’s mogul fest.
And Aston Martin just unveiled an epic hypercar to take on Bugatti.
Here’s the best of the rest in Wall Street headlines today:
BILL GROSS: The economy is ‘a Monopoly board,’ and everybody is losing — Bill Gross thinks the world economy is playing a losing game.
Wall Street investors are hoarding $971 billion — here’s who stands to benefit when they start spending — Private equity firms are sitting on billions of dollars of cash.
GOLDMAN: Get ready for another stock market dive — It’s been a shaky year so far for the stock market.
There’s one election scenario that could completely blindside the market — At UBS’ CIO Global Forum last week, attendees were polled about what kept them up at night. Donald Trump was up there with kids, terrorism, and work.
DEUTSCHE BANK: There will be a 2nd referendum — just not the one you expect — Many anti-Brexit campaigners have been calling for a second referendum on the question of the UK’s membership in the European Union.
The divide between the ‘haves’ and ‘have-nots’ is bigger than ever — There’s a new 99 per cent.
Things just got a lot ‘messier’ for Africa’s largest oil producer — Angola announced last week that it wanted to discontinue talks with the International Monetary Fund about getting a loan.
New York City’s iconic Four Seasons restaurant is about to relocate — here’s a look at its historic past — Manhattan’s famed Four Seasons restaurant, which is set to close on July 16, is known for its power lunches.