How the K-Shaped Economy Is Hurting Everyone But the Rich

Talk of the K-shaped economy is brewing once again. The moniker first gained traction in 2020 to describe the divergence between how rich and poor Americans were experiencing the pandemic recovery. Now, with consumption increasingly concentrated in the top echelons of...

UBS’ Romano Says Rotation Out of US Stocks Is Likely Done

The selloff in US stocks may have run its course, setting the stage for a year-end rally, according to UBS Securities’ trading desk. Stocks slumped last week as investors questioned the prospect of further Federal Reserve policy easing and rotated out of the crowded...