MORGAN STANLEY: Stocks could fall another 9% as the new bull market faces a rising tide of risks - and these 2 cyclical sectors are the best long-term trades to take advantage of
Markets are poised to face increased volatility with one week left before the US presidential election. While Joe Biden, the Democratic nominee, has enjoyed a healthy lead in polls, some analysts fear that a closer race could lead to a contested election and market chaos. Not all economic data published Tuesday pointed to fresh weakness. US durable-goods orders grew 1.9% in September, the Census Bureau said in a preliminary report. Economists surveyed by Bloomberg had expected orders to climb by just 0.5%. The reading joins other reports suggesting the economic recovery is stable and may not require more stimulus to continue.
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