The business cycle should influence markets more than the election: Morgan Stanley

As the U.S. approaches another presidential election, investors are naturally curious about how the outcome might affect the markets.

“Our cross-asset strategy team’s study of the run-up to past elections shows no clear pattern of market behavior in election years, even when screening for different election and macro conditions,” the bank stated. For instance, they state that energy and telecom might struggle under the Democrats' plan to extend tax breaks, while clean tech could benefit from sustained appropriations under the Inflation Reduction Act.

They believe this could occur due to potential tariffs and heightened geopolitical uncertainty, which might lead to more dovish central bank policies overseas.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Crypto Market in a Sea of Red; Morgan Stanley Gears Up to Offer ETFs'CoinDesk Daily' host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as major cryptocurrencies extended their slump during Asian trading hours before recovering from the crash. Plus, former President Donald Trump argued the benefits of the U.S.
La source: CoinDesk - 🏆 291. / 63 Lire la suite »

Friday's analyst calls: Big Tech earnings reaction, Morgan Stanley gets a downgradeMajor tech-related stocks and a big bank were among the stock being talked about on Wall Street on Friday.
La source: CNBC - 🏆 12. / 72 Lire la suite »