• The S&P 500 will rally 12% through 2021 as investors position for a virus-free economy, Credit Suisse says

    12 days ago - By Business Insider

    Summary List Placement
    The key to investing in 2021 is preparing for a virus-free economy in 2022, Credit Suisse strategists said Wednesday.
    The team led by Jonathan Golub initiated a 2021 S&P 500 price target of 4,050 in a note to clients, implying a 12% rally from Tuesday's closing level.
    Various vaccine candidates vying for regulatory authorization led the bank to "de-emphasize the near-term" and instead focus on how the US economy will launch out of its virus slump.
    "The virus will be a fading memory" in 2022, the team said, and the rotation to cyclical stocks will be "largely behind...
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  • Morning News: November 18, 2020

    Morning News: November 18, 2020

    12 days ago - By Crossing Wall Street

    Judy Shelton, Trump Fed Nominee, Fails to Advance to Final Vote
    Pfizer, BioNTech Plan Filing as Vaccine Proves 95% Effective
    Airlines Scramble To Prepare For Ultra-Cold COVID-19 Vaccine Distribution
    U.S. To Approve 737 MAX Return As Boeing Faces Strong Headwinds
    Berkshire's Bet A Bright Spot In Gloomy Year For Big Pharma Stocks
    High Wireless Taxes Crush the Poor and Hurt Everyone Else
    As Occupancy Dwindles, College Dorms Go Beyond Students
    Kind Bars to Be Acquired by Maker of Snickers
    Apple to Cut App Store Fees in Half to 15% for Most Developers
    Nick Maggiulli: How to Save for a Big...
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  • Chinese state media warns Trump is preparing a 'final madness' on Beijing, as reports say his team are readying weighty sanctions to mark his final weeks

    Chinese state media warns Trump is preparing a 'final madness' on Beijing, as reports say his team are readying weighty sanctions to mark his final weeks

    12 days ago - By Business Insider

    Summary List Placement
    Chinese state media say Beijing can expect a "final madness" from Donald Trump, following reports that the president is planning a show of strength before he leaves office in January.
    Bloomberg and Axios reported earlier this month that Trump is considering weighty sanctions and aggressive strikes against China to mark the last weeks of his presidency.
    According to the outlets, possible moves include:
    Additional sanctions against party officials and institutions involved in China's crackdown on Hong Kong.
    Sanctions against party officials and institutions involved in...
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