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Apart from the benefits of the physical infrastructure that would be created using this, Michael Zezas, Head of Public Policy Research and Municipal Strategy for Morgan Stanley believes the money flow could also aid Wall Street. (Image: REUTERS) Wall Street could soon benefit from the massive infrastructure spending being planned by the Joe Biden administration.
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Among US equities, technology stocks seem to be getting back in action. (Image: REUTERS) An increasing number of global fund managers believe that the S&P 500 will outperform in 2021, according to Bank of America’s Global Fund Manager Survey (FMS). Now, 34% of survey participants believe that S&P 500 could be the best investment for
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The recovery could be led by financials once again this time, followed by materials. (Image: REUTERS) Wall Street listed companies are set to bounce back strongly after the sharp 14.7% fall in earnings reported in the first quarter of 2020. Analysts at Wells Fargo estimate that S&P 500 earnings for the January-March quarter of 2021
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