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Morgan Stanley on Biden vs. Trump – the pros and cons

Morgan Stanley CIO Mike Wilson Tells Reuters Global Markets Forum:

Biden would attempt to raise taxes to offset some spendingTrump win would be
better for growth but worse for bondsBiden win would be
more favorable for labor supply and inflationTrump would shut
down borders and possibly rekindle inflation concernsUnder Trump, energy,
financials sectors, small caps would do betterBiden win would be
favorable for large cap growth names

Wilson on politics. He has a year-end S&P 500 price target of 4,500.

In which case who cares who wins the election? 🙂

This article was written by Eamonn Sheridan at www.forexlive.com.

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