Oh and other fan favourites in Microsoft Corp. and Apple Inc. aren’t exactly dragging their heels either, having rallied between four and five per cent.
“If, for example, it turns out that Biden wins and the Dems ultimately take the Senate then violent steepeners could come back into play,” he said.11:17 a.m. — Biden victory with a Republican Senate seen as worst scenario for economy This more conservative outlook has pushed Darby to downgrade his prospects on both the U.S. energy and real estate sectors to modestly bearish. As for the S&P 500, he expects the index to wrap 2020 at 3,300 points, down five per cent from current trading levels.
Writing before markets opened, Rosenberg said bulls will continue to push stocks on the view that “gridlock is good.” So far, investors are fine with living in temporary uncertainty when it comes to the full results and the potential lawsuits that will certainly follow. Stifel analyst Andrew Partheniou described the sweep as one that “unequivocally shows access to cannabis is a bipartisan issue that is overwhelmingly backed by voters, and further underpins our view that pro-cannabis reform is a matter of ‘when’, not ‘if.'”Article content continued