Business & Finance
Stock Bulls Are Betting on a Bounce After the Midterms
Key Points
Stock Bulls Are Betting on a Bounce After the Midterms Any post-vote selloff is likely to be short-lived, Morgan Stanley’s Wilson says. This article is for subscribers only. Tomorrow’s midterm elections look set to upend the balance of power in the US Congress, if the polls are right.
Stock Bulls Are Betting on a Bounce After the Midterms
Any post-vote selloff is likely to be short-lived, Morgan Stanley’s Wilson says.
This article is for subscribers only.
Tomorrow’s midterm elections look set to upend the balance of power in the US Congress, if the polls are right. Bulls on stocks and the dollar, though, are betting that any market disruption is likely to be short lived.
First up, stocks: The conventional wisdom is that a big win for Democrats will cause a selloff. The view is that the party is likely to put roadblocks in the way of the AI industry that’s been driving gains for the better part of four years. (The S&P 500 has returned 12% this year.)