
Market Moves
Finally, Financial Stocks Are Poised to Rise, Says Credit Suisse
A better economy and higher interest rates should propel the woebegone sector in 2021 and 2022, it argues.
His stance clashes with that of Chair Jerome Powell, a sometime adversary.
Investors will see that things aren’t getting much better, and that will reverse stocks’ recent surge, warns James Bianco.
The nation is deep into an economic hole, but right now the huge debt issue is an abstraction with no effect on daily lives. Someday, that will change. Oh, will it ever.