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Morgan Stanley’s Wilson Says US Midterms Set to Fuel Stock Rally

  • Republican win to send yields lower, equities higher: Wilson
  • Sees high volatility ahead of CPI and election results
Bloomberg business news
Morgan Stanley's Wilson on Midterms, Bonds and Fed

Investors should stay bullish on equities ahead of this week’s US midterm elections, according to Morgan Stanley’s Michael Wilson, the top-ranked strategist who correctly predicted this year’s slump in stocks.

Polls pointing to Republicans winning at least one chamber of Congress provide a potential catalyst for lower bond yields and higher equity prices, which would be enough to keep the bear-market rally going, Wilson wrote in a note Monday.