The Republican victories in Congress mean U.S. companies from Goldman Sachs Group Inc . to WellPoint Inc . may be able to weaken or block what they consider President Barack Obama ’s anti-business policies on health care, the environment, taxes and financial reform.
U.S. stocks rose to records, with benchmark gauges capping a sixth week of gains, as investors assessed data on factory output amid growing speculation the Federal Reserve will maintain the pace of its monthly stimulus.
Thomas Lee, chief U.S. equity strategist at JPMorgan Chase & Company, says there will be a year end rally for stocks and he forecasts a 2011 close of 1,475 for the S&P 500 index. Lee talks with Bloomberg's Kathleen Hays on "The Hays Advantage" on Bloomberg Radio.
Aug. 27 (Bloomberg) -- Thomas Lee, chief U.S. equity strategist at JPMorgan Chase, talks with Bloomberg's Adam Johnson and Linzie Janis about the outlook for stocks. They speak on Bloomberg Television's "Street Smart." (Source: Bloomberg)