Joe Biden wearing a suit and tie: Mark Makela/Getty Images


© Mark Makela/Getty Images
Mark Makela/Getty Images

  • A Democratic sweep in November would place stocks on a rollercoaster ride through the end of the year, Morgan Stanley strategists said Friday.
  • US equities are among the few assets poised for a “detour” should a so-called blue wave take place. The market’s steady climb would reverse temporarily before correcting in 2021, the analysts said.
  • Stocks would initially dip on fears of higher corporate taxes and uncertainty around future stimulus, according to the bank.
  • Once the party can clarify its fiscal relief plans, a follow-up to March’s CARES Act and continued economic recovery can place stocks back on their upward path, the strategists added. 
  • Visit the Business Insider homepage for more stories.

A “Blue Wave” come Election Day can boost stocks, but only after bouts of strong volatility and a knee-jerk decline, Morgan Stanley strategists said Friday.

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Current polls suggest Democratic

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Happy Wednesday and welcome back to On The Money. I’m Sylvan Lane, and here’s your nightly guide to everything affecting your bills, bank account and bottom line.



Joe Biden wearing a suit and tie: On The Money: Business world braces for blue sweep | Federal Reserve chief to outline plans for inflation, economy | Meadows 'not optimistic' about stalemate on coronavirus deal


© Getty Images
On The Money: Business world braces for blue sweep | Federal Reserve chief to outline plans for inflation, economy | Meadows ‘not optimistic’ about stalemate on coronavirus deal

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THE BIG DEAL-Business world braces for blue sweep: Wall Street and business groups are bracing for the possibility of a blue sweep in Washington that would leave Democrats in charge of the White House and both chambers of Congress.

  • Democratic
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No one thought the Orioles would be over .500 a quarter of the way through the season. But as weird as it may sound, time is fast approaching to think about potential moves for the trade deadline. 

The Orioles will never admit to tanking, but it is fair to state the Orioles traded two of their best players from a season ago (Dylan Bundy and Jonathan Villar), lost Trey Mancini for the season while he recovers from cancer and only brought in Jose Iglesias and a handful of under-the-radar pitchers. The plan was clearly to focus on the long-term aspects of a rebuild and place the value of future seasons ahead of 2020. 

They then traded Richard Bleier at the beginning of the season despite having a winning record. Later, general manager Mike Elias said he didn’t think the trade gave the message that the Orioles weren’t trying to win. 

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