Key facts
- Wall Street's biggest trading desks advised clients to raise their exposure to US stocks, according to the report.
- The desks argued that lackluster investor positioning before the midterm elections left room for a year-end rally.
Wall Street's largest trading desks have advised clients to raise their exposure to US stocks, arguing that weak investor positioning heading into the midterm elections left room for a year-end rally, according to a report published November 4, 2026.
The report did not name the banks or desks that made the recommendation, the size of the proposed increase in stock holdings, or the positioning data behind the argument. It also gave no price target or time frame for the year-end rally the desks described.
The recommendation rests on the view that investors had held back before the elections, which the desks said created room for gains later in the year. No market level, index move or estimate was provided in the report.