• Wells Fargo says stock market volatility will balloon after US election

    10 days ago - By Business Insider

    Former Vice President Joe Biden and President Donald Trump.
    Jim Watson/AFP via Getty Images; Tasos Katopodis/Getty Images
    Markets should prepare for volatility to balloon after Election Day, Wells Fargo said Tuesday. Wells Fargo head of rates strategy Michael Schumacher told CNBC's Trading Nation Tuesday, options are showing greater volatility. "The big takeaway is three month options vol is still quite high, and it has not really come down," he said. He thinks investors will flock to US Treasuries due to greater volatility, and the US-10 year yield may fall to 0.40% from around 0.68%...
    Read more ...

     

  • Stock-pickers double down on communication companies as election volatility looms, BofA says

    10 days ago - By Business Insider

    Kevin Hagen/Getty Images
    Stock-pickers trimmed overweight bets across nearly all sectors but piled further into communication-services companies in recent months, Bank of America said on Wednesday. The cutting-down of most outsized positions comes as managers prepare for the 2020 US presidential election to drive outsized market volatility, Savita Subramanian, head of US equity and quantitative strategy at the bank, said. Both hedge funds and long-only funds either increased their overweight stakes in the communications services sector or maintained heavy positioning. Some of active funds'...
    Read more ...