Energy

Major Wall Street firm looks to buy even more stocks

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A major Wall Street firm is piling into stocks near record highs.

Wilmington Trust’s Meghan Shue reveals her firm has one of its largest stock market overweights ever.

Shue, who oversees $152 billion in assets, attributes a strong economic backdrop and seasonal tailwinds for the bullish move.

“The near-term disruptions and the near-term concerns over inflation and supply chain disruptions could create some real opportunities,” the firm’s head of investment strategy told CNBC’s “Trading Nation” on Wednesday. “We see this supply chain disruption as delaying not destroying the demand from consumers and businesses alike. And, we think that will be a tailwind particularly as companies restock…



Source cnbc.com

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