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Bloomberg Television

Stocks will be bonds for the rest of the year | MLIV Pulse Survey πŸ’“

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stocks are in and bonds are out that is the verdict from a Bloomberg News survey 60% of the 499 respondents said stocks will be treasuries and corporate bonds for the rest of this year as the Federal Reserve keeps cutting interest rates stocks have already reached more than 40 record highs this year and has risen about 20% that view aligns with Wall Street strategists at Goldman Sachs for instance say that the S&P 500 will power even higher once the US presidential election is decided as for the Fed 59% of the respondents say that the central bank will deliver 25 basis point rate cuts at both its November and December meetings that’s exactly the sort of environment that will help stocks reach all-time highs by the end of this year

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