Bond markets would likely benefit if U.S. President Joe Biden is re-elected as his administration will try to raise taxes to offset some of the government spending, Morgan Stanley's chief investment officer said on Wednesday.However, under the scenario that former President Donald Trump were to win the Nov. 5 election, it "would be better for growth but worse for bonds," Morgan Stanley MS.N CIO Michael Wilson told the Reuters Global Markets Forum.
"For long-only managers, it comes down to stock picking, and for macro-investors or risk-parity managers, the bond part of the portfolio continues to be de-emphasized in favor of commodities and currencies," he said. "For stocks, it's all about earnings growth - what companies can grow earnings and cash flow faster than inflation, and more importantly, expectations," Wilson said.From the political standpoint, Wilson said immigration rules under either administration will be keenly watched.
Premier Scott Moe is facing criticism after not outright denouncing several conspiracy theories while attending a town hall event in Speers, Sask.Emergency officials in Ottawa and British Columbia are warning intense drought could mean an increased likelihood of large, challenging fires this summer.The Ottawa Police Service Hate and Bias Crime Unit is investigating after home security footage posted online sparked strong reaction from the community.
Premier Scott Moe is facing criticism after not outright denouncing several conspiracy theories while attending a town hall event in Speers, Sask.More than five years after a massive data leak of personal information at Desjardins, Laval police announced Wednesday afternoon they have arrested three suspects.
Françoise Hardy, a French singing legend and pop icon since the 1960s, has died. She was 80. Her son, musician Thomas Dutronc, announced her death on social media, sharing a poignant photo of himself as a child with his mother. Hardy, who had been battling lymphatic cancer since 2004, faced her illness with remarkable candour. She passed away on Tuesday.Corus Entertainment Inc.
Dozens of tow trucks were parked outside city hall in downtown Sydney, N.S., on Wednesday, blocking one lane of traffic in an effort to also block a proposed bylaw they say would hurt their livelihoods. Emergency crews from three separate communities east of Regina responded to a serious house fire in White City Tuesday night.At least seven years before LRT Stage 2 begins
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »