Morgan Stanley CFO Says ‘Blue Wave’ Already Priced Into Markets
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Investors expect Democrats to take control of the White House and Senate in the Nov. 3 election, according to Morgan Stanley Chief Financial Officer Jonathan Pruzan.
“A blue wave is priced into the market,” Pruzan said Thursday in a Bloomberg Television interview. Judging by the market moves in the lead-up to the vote, investors don’t seem spooked by the possibility, he said.