Wall Street Has a Plan for a Soft Landing: Buy More Stocks | EUROtoday
Wall Street believes its soft-landing dream is on the verge of coming true. That is prompting a recent wave of demand for shares.
Markets have rallied since final week’s consumer-inflation report got here in softer than anticipated. Many analysts and portfolio managers mentioned they anticipate the beneficial properties to choose up heading into year-end, reflecting a way that markets have confronted down their most important problem: the potential for rising bond yields to crimp financial exercise, cut back demand for shares and ship the U.S. financial system into recession.
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