A trader works on the floor of the New York Stock Exchange. Wall Street’s October sell-off has pared gains for the year for the S&P and Nasdaq Composite indices. Photo: Reuters
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Donald Trump suffers a midterms setback, US stocks come back down to earth. Where do investors go next?

  • Nicholas Spiro says Wall Street is still reeling from the October sell-off, but can’t expect more financial stimulus from the Trump administration
  • If there is convergence across global equities, it is likely to be the wrong kind, with US stocks falling back to rejoin the pack

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A trader works on the floor of the New York Stock Exchange. Wall Street’s October sell-off has pared gains for the year for the S&P and Nasdaq Composite indices. Photo: Reuters
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