ATLAS News · Markets
WSJ reports Schwab's CEO is betting on a post-midterm rally, while Business Post says Pictet, Bank of America and State Street doubt Europe's rally will last.
The Wall Street Journal reports that the chief executive of Schwab is betting on a rally following the midterm elections. The outlet frames this as the executive's market view.
Separately, Business Post reports that Pictet, Bank of America and State Street are not convinced that the rally in European stocks will last. The three financial firms are cited as skeptical about the durability of the move.
The two reports offer different readings of equity markets, one focused on the period after the midterms and the other on Europe.
Market strategists often differ on how long a stock rally can last, and events such as elections are commonly cited as factors that can influence investor sentiment.
The contrasting views show that large financial firms are not aligned on the outlook for equities, which may matter to investors following Bank of America and the broader market.
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
Financial Services · NYSE
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Latest close of the ETFs that track the main US indices (SPY, QQQ, DIA), from ATLAS data.
S&P 500 (SPY): 754.37 (−0.36%) · November 13
Nasdaq-100 (QQQ): 679.89 (−1.20%) · November 13
Dow Jones (DIA): 523.15 (+0.13%) · November 13
ATLAS writes its own summaries from the reporting of these outlets. Each link opens the original publisher.
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