Elections have historically had a minimal effect on the stock market over the long run, the firm says.
Strategist Michael Wilson expects the S&P 500 to drop to 4,500 points.
The nation's 32.5 million immigrant workers now account for roughly one in five US workers.
Back when interest rates were low, it was popular for fast-growing companies to sell zero-coupon convertibles.
Shares of DWAC have held onto a 145% gain this year.
Investors have been rattled in recent weeks by lenders setting aside larger provisions for property-loan losses.
The former Swiss National Bank president said the question is about where service inflation settles.
More Americans are leaving expensive coastal cities for states with lower taxes.
The U.S. fell to 23rd from 15th.
Economist Jan Hatzius said inflationary trends "still look encouraging."
The banking industry is gradually working through the sector's issues, he said.
The last mile to the 2% inflation target needs to be run with economic well-being firmly in mind.
Surging Sunbelt real estate prices have eroded the financial benefits for those looking to relocate away from Manhattan.
It's a behind-the-scenes fuel that permeates the economy.
“Stocks are now trying to move past their dependence on central bank policy,” the strategist said.
Money-losing tech companies that surged in 2020 fall this year.
Nasdaq 100 is beating Apple by most to start a year since 2013.
Credit woes are souring Americans on the economy and could be a drag on President Joe Biden's reelection bid.
Private markets can provide investors with thousands of unique strategies and uncorrelated assets that add significant value to a portfolio.
The latest corporate buzzword is efficiency. That isn't good for middle managers.
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