(Bloomberg) — Financial giants from Goldman Sachs & Co. to Morgan Stanley and Barclays Plc. are taking a fresh look at how a Donald Trump victory in November could play out in the bond market. After last week’s debate hurt President Joe Biden’s chances of winning reelection, Wall Street strategists are urging clients to position for sticky inflation and higher long-term bond yields. Trump’s rise in the polls since Last week’s debate means investors have to contemplate economic policies that could lead to more rate cuts from the Federal Reserve, along with a Republican sweep that leads to fiscal expansion and pressures longer-term bond yields higher, Morgan Stanley said. McIntyre said he “is worried that the bond vigilantes are coming out early in response to the debate falling out.” The odds of a Republican sweep in November will increase from a combination of “Biden’s performance, weaker data, higher oil prices.   The uptick in Treasury yields was led by the longest maturities, with 30-year bond yields up as much as nine basis points to a session high of 4.65%, the

Nvidia to become the second-most-valuable company in the world,surpassing Apple. The ongoing artificial-intelligence boom has catapulted (Nvidia’s market valuation to the $3 trillion) Clubs as mega-cap tech companies such as Meta, Alphabet, Amazon, and Microsoft rush to buy the company’s supply-constrained AI-enabling GPU chips. Nvidia’s valuation was just above $950 billion a year ago and was about $400 billion in November 2022 When OpenAI first released ChatGPT to the public.Apple stock,while trading near record highs,has stagnated over the past year as investors wait to see what the iPhone maker’s AI strategy is.Apple stock is up 2% year to date,compared with Nvidia’s year-to-date gain of 146%.Apple held a market valuation of $3.00 trillion or about $15 billion below Nvidia’s current valuation.With Apple surpassed,Nvidia is behind only Microsoft which is the world’s most valuable With the AI boom powering much of the stock market higher,it’s no surprise that the company most responsible for powering the boom has turned into one of the world’s most valuable companies. Fund tech analyst, said she believed the gains could continue for Nvidia, arguing in an interview with

Some Fed officials have sounded a little more optimistic about inflation recently, (after the Consumer Price Index for April finally provided some welcome news.) Some Fed officials have sounded a little more optimistic about inflation recently, after the Consumer Price Index for April finally provided some welcome news. Joshua Some officials at the Federal Reserve said they’re no longer worried about inflation reaccelerating, after data showed that progress stalled in the first quarter. Optimism spurred by the latest inflation data pushed all three major stock indexes to new record highs. But now Wall Street, eager for rate cuts, is on edge again. That’s because minutes from the central bank’s The latest policy meeting was released showed that “various” officials said they would be willing to raise interest rates if necessary and that there were doubts as to whether financial conditions are restrictive enough to keep inflation from resurging. Moreover, the Fed minutes seemed to outweigh comments from Fed Governor Christopher Waller, a key messenger of monetary policy moves, who told CNBC in an interview Tuesday that the Fed could cut