A recent Bank of America survey of global fund managers showed the lowest cash allocation on record, with participants heavily underweight in cash compared to stocks. This bullish sentiment is driven by expectations of interest rate cuts from the Federal Reserve and anticipated growth under President-elect Donald Trump. Despite a recent breather in the equity market, Wall Street is preparing for further gains in 2025, with the S&P 500 expected to climb over 10% according to market strategists.
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Sen Van Hollen says deported man ‘traumatised’
A Maryland man, Kilmar Ábrego García, was mistakenly deported to El Salvador by the Trump administration and recently moved to a new prison after being held in a notorious facility. Senator Chris Van Hollen, who met Ábrego García during a visit to El Salvador, reported that he was traumatized and had not committed any crimes, while his family and attorneys deny allegations of gang affiliation. Despite a Supreme Court order for his return to the...
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