Morgan Stanley’s CIO said bond yields had surpassed levels that support high stock valuations. Investors should focus on a select few sectors in the market, Mike Wilson says. The bank said it favored key sectors with strong earnings, like financials and media. The bond market is sending investors a clear signal about where to invest…
Investors brace for a bumpy ride as President-elect Donald Trump’s second term gets underway on Monday, bringing the promise of significant policy shifts — including lighter regulation and tax cuts. Those two priorities have Wall Street upbeat, while cooling inflation and strong earnings have also fueled investor optimism. This past week, the S&P 500 (^GSPC)…
Stocks are bound for another strong year, but not every sector is poised to gain, Wells Fargo said. Scott Wren, the bank’s senior global market strategist, sees muted returns ahead for defensive shares. The bank’s strategists are more bullish on cyclical, interest rate-sensitive stocks, he added. The stock market is on track for strong gains…
Elon Musk Tesla Optimus robot prototypes walk onto a stage. Screengrab from We, Robot livestream Elon Musk has been working on the Optimus humanoid robot for years. At Tesla’s Robotaxi event last month, the robots poured drinks and played rock-paper-scissors with guests (though they were remotely controlled by humans). Musk said this summer that Tesla…
In just over a month and a half, the US will have a new president elect. Either Donald Trump will take back the Oval Office, or Vice President Kamala Harris will get the promotion of a lifetime. This week’s feisty debate between the Republican and Democratic nominees has captured the nation’s attention, and market strategists…