UBS Both stocks and bonds retreated in October in the wake of war in the Middle East and concerns about rates, UBS said. Wells Fargo Investment Institute In an Oct. 30 note, Wells Fargo said it expects a recession and the average stock will likely continue to struggle. How to invest UBS favors the higher-quality segments of fixed income, preferring high-grade government and investment-grade bonds. Overall, Wells Fargo said, it's most favorable on U.S. long-term taxable fixed income, and its short-term counterpart, and favorable on U.S. taxable investment-grade fixed income. It's least favorable on U.S. intermediate-term taxable fixed income and high yield taxable fixed income.

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Persons: Stocks, Jerome Powell, it's, inching, Scott Wren, Wells Fargo, Wells Fargo's Wren, Schroders Bond, Schroders, Neil Sutherland, Sutherland, — CNBC's Michael Bloom Organizations: U.S, U.S . Federal, Treasury, Wells, Wells Fargo Investment Institute, UBS Locations: U.S ., Wells Fargo, U.S