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Investing legend Byron Wien says the stock market will respond favorably to Joe Biden's climate and foreign relations policies

1 month ago   |   By Business Insider

Summary List Placement
Investing legend Byron Wien told CNBC on Friday that the stock market will respond positively to Joe Biden's policies on climate change and inequality.
Wien also said Biden's top priorities - getting COVID-19 under control and creating jobs - will be good for stocks. Biden's tax policy that may harm stocks will be secondary to these two priorities, he said.
" We're not going back into a bear market. We're not going back into a recession. I think growth is going to be gradual and I think equity returns are going to be modest, and I don't think inflation and interest...
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Investing legend Byron Wien says the stock market will respond favorably to Joe Biden's climate and foreign relations policies

Investing legend Byron Wien says the stock market will respond favorably to Joe Biden's climate and foreign relations policies

1 month ago   |   By Business Insider

Brendan McDermid/Reuters
Investing legend Byron Wien told CNBC on Friday that the stock market will respond positively to Joe Biden's policies on climate change and inequality. Wien also said Biden's top priorities - getting COVID-19 under control and creating jobs - will be good for stocks. Biden's tax policy that may harm stocks will be secondary to these two priorities, he said. " We're not going back into a bear market. We're not going back into a recession. I think growth is going to be gradual and I think equity returns are going to be modest, and I don't think inflation and interest...
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Top Stocks To Buy Today As Markets Turn Negative After Stimulus Hopes Diminish

1 month ago   |   By Forbes

Although stimulus talks seem endless, and shares of American Express and Intel released disappointing earnings, stocks were mildly higher this morning continuing yesterday's rally. For investors looking to make sense of the markets, our AI has crunched the data to give you a set of Top Buys.
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Biden's plans on climate and foreign policy can be positive for stocks, says Blackstone's Byron Wien

1 month ago   |   By CNBC

Blackstone Vice Chairman Byron Wien told CNBC he believes Democratic nominee Joe Biden may turn out to be positive for the stock market than current perception.
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Famed investor Mike Novogratz says 'liquidity tsunami' from stimulus will drive investors to buy any dips from Biden's tax plan

Famed investor Mike Novogratz says 'liquidity tsunami' from stimulus will drive investors to buy any dips from Biden's tax plan

1 month ago   |   By Business Insider

Summary List Placement
Mike Novogratz told CNBC on Friday that any dips in the market from Joe Biden's tax plan will be buying opportunities for investors, as the next stimulus will provide a "liquidity tsunami."
The Galaxy Digital CEO said he expects a blue wave victory and subsequent volatility in the markets as investors react to Joe Biden's tax plan.
He added: "I had been bearish on one point, and I finally had to wave the white flag. The liquidity tsunami is just too big, with long rates as low as they are, I think you're going to continue seeing people pour into speculative...
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Famed investor Mike Novogratz says 'liquidity tsunami' from stimulus will drive investors to buy any dips from Biden's tax plan

1 month ago   |   By Business Insider

Lucas Jackson/Reuters
Mike Novogratz told CNBC on Friday that any dips in the market from Joe Biden's tax plan will be buying opportunities for investors, as the next stimulus will provide a "liquidity tsunami." The Galaxy Digital CEO said he expects a blue wave victory and subsequent volatility in the markets as investors react to Joe Biden's tax plan. He added: "I had been bearish on one point, and I finally had to wave the white flag. The liquidity tsunami is just too big, with long rates as low as they are, I think you're going to continue seeing people pour into speculative assets...
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Billionaire investor Byron Wien says the stock market may be getting ahead...

Billionaire investor Byron Wien says the stock market may be getting ahead of itself as the Dow passes 30,000 - but tells long-term investors not to worry

Summary List Placement Billionaire investor Byron Wien told CNBC that the stock market may be getting ahead of itself as the Dow passed 30,000 for the first time ever on... Read more ...

US home prices climb record 3.1% as low mortgage rates fuel housing-market boom

US home prices climb record 3.1% as low mortgage rates fuel housing-market boom

Summary List Placement US home prices gained a record 3.1% in the third quarter as historically low mortgage rates boosted demand through the summer, the Federal Housing... Read more ...

Elon Musk Passes Bill Gates To Become World's 2nd-Richest Person

Elon Musk Passes Bill Gates To Become World's 2nd-Richest Person

The soaring value of Tesla stock has sent Musk's net worth skyrocketing, according to the Bloomberg Billionaires Index. The automaker's CEO has added more than $100 billion to... Read more ...

BlackRock is paying $1 billion in cash for a wonky fund business. Here's why...

BlackRock is paying $1 billion in cash for a wonky fund business. Here's why customized index funds are having a moment

Summary List Placement BlackRock's plans to buy a firm specializing in customized portfolios is a sure sign that clients' expectations for personalized investments are rising... Read more ...

The 'surprisingly robust' stock market will finish the year strong - and...

The 'surprisingly robust' stock market will finish the year strong - and wary traders should stay invested, says Fundstrat's Tom Lee

Summary List Placement Fundstrat's head of research, Tom Lee, told CNBC on Tuesday that he sees a number of signals indicating the stock market will finish the year... Read more ...

Dow Jones breaks 30,000 milestone for first time as stocks soar amid vaccine...

Dow Jones breaks 30,000 milestone for first time as stocks soar amid vaccine hopes and formal start of Biden transition

The Dow Jones Industrial Average breached the 30,000-mark for the first time ever on Tuesday, as optimism soared on Wall Street amid hopes of multiple Covid-19 vaccines coming... Read more ...

Case-Shiller: National House Price Index increased 7.0% year-over-year in...

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S&P/Case-Shiller released the monthly Home Price Indices for September ("September" is a 3 month average of July, August and September prices). This release includes prices for... Read more ...

Morningstar's top stock pickers say these are the 10 highest-conviction...

Morningstar's top stock pickers say these are the 10 highest-conviction stocks they recommend - and which top fund managers recently piled their money into

Summary List Placement The ongoing surge of COVID-19 cases, or a successful and timely vaccine distribution that will save the day? A long-awaited shift into value stocks, or a... Read more ...

Dow Jones Average Hits 30,000 For First Time As Wall Street Bets On 2021 Bounce

Dow Jones Average Hits 30,000 For First Time As Wall Street Bets On 2021 Bounce

Optimism that COVID-19 vaccines will open the way to economic recovery next year fueled Wall Street's rebound from a pandemic-driven crash this year. Read more ...

Tesla's market cap breaches $500 billion as mammoth 2020 rally charges on

Tesla's market cap breaches $500 billion as mammoth 2020 rally charges on

Summary List Placement Tesla's market cap rallied above $500 billion for the first time on Tuesday as investors continued to scoop up the highly valued shares. The automaker's... Read more ...