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Wall Street Traders Wrong-Footed After Bullish Equity Calls

Bloomberg Markets Friday 06 November 2026, 01:51 UTC By Natalia Kniazhevich 1 min read
Key Points

Wall Street Traders Wrong-Footed After Bullish Equity Calls Wall Street’s biggest trading desks spent weeks saying the stock-market rally would resume once the election was done. On Thursday, that call backfired spectacularly. Trading desks at JPMorgan Chase & Co., Citadel Securities and UBS Securities had said the midterm vote would be a clearing event for markets that had been jittery going into the vote.

Wall Street Traders Wrong-Footed After Bullish Equity Calls Wall Street’s biggest trading desks spent weeks saying the stock-market rally would resume once the election was done. On Thursday, that call backfired spectacularly. Trading desks at JPMorgan Chase & Co., Citadel Securities and UBS Securities had said the midterm vote would be a clearing event for markets that had been jittery going into the vote. With plenty of cash on the sidelines, investors would be inclined to rebuild their positions, the trading desks said.
JPMorgan Chase & Co. (ORG) Citadel Securities (ORG) UBS Securities (ORG)
Originally published by Bloomberg Markets Read original →

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