Stimulus bill will be 'critical' to recovery and spur shift back to cyclical stocks, Morgan Stanley investment chief says
Mike Wilson, Morgan Stanley chief US equity strategist and chief investment officer, said the next stimulus bill will be"critical" to the recovery.
The chief US equity strategist and chief investment officer, said he believes the package will get passed, and could potentially be as large as $2 trillion. Wilson also said that the fiscal package will be a catalyst for interest rates to go up, which is the"key to all these trades." He further explained:"The fiscal package ironically could actually stimulate the perception that the economy will be better next year, rates shoot up, and that will affect that rotation back towards these COVID beneficiaries in the recovery stage, the cyclical type stocks that we've been recommending.
But back-end rates, however, are a function of inflation expectations and nominal GDP growth. Wilson thinks GDP growth will be better next year, causing a"big move in back-end rates."
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Cramer questions bank comeback because of default risk, praises Morgan Stanley as 'reinvented'New for subscribers: Cramer questions bank comeback because of default risk, praises Morgan Stanley as 'reinvented' Check out CNBCPro for a free trial.
Weiterlesen »
A top Morgan Stanley strategist explains the risks to further US stimulus, but expects lawmakers to reach a deal | Markets InsiderMorgan Stanley's top strategist laid out reasons why President Trump's latest executive orders on unemployment benefits pose new risks to furthe...
Weiterlesen »
Morgan Stanley's top boss has reportedly had more private calls with the US markets regulator chief than any other Wall Street bank | Markets InsiderMorgan Stanley's chief executive James Gorman has had more conversations with the Securities and Exchange Commission's chairman than any other W...
Weiterlesen »
Piers Morgan sickened while interviewing serial killer in Netflix documentaryPiers Morgan has opened up about his personal reaction to interviewing one of America's most notorious serial killers - Alex Henriquez - in his one-off special
Weiterlesen »
Piers Morgan calls Kim Kardashian 'weird' for saucy Kylie Jenner birthday postKim Kardashian was slammed for sharing a racy photo where she posed in a wet t-shirt alongside her younger sister. Good Morning Britain's Piers Morgan shared his thoughts on Twitter
Weiterlesen »
Where Family History is Unknown, Morgan Jerkins Charts Her Own'While my father prides himself on origins, my mother prides herself on originality. She believes that you can create your own identity as long as you keep moving.' Read an excerpt from morganjerkins's WanderingInStrangeLands:
Weiterlesen »