Fund News Today — November 2, 2026
Tech stocks have made big V-shaped rebounds five times in 30 months — and now Deutsche Bank forecasts another bounce and more — today's fund signal.
Global markets are showing resilience amid various economic and geopolitical developments. Despite concerns about market volatility, some strategists are optimistic about the outlook, with Deutsche Bank forecasting another bounce in tech stocks, which have historically demonstrated a V-shaped rebound pattern. Morgan Stanley's chief stock-market strategist also expressed a positive view, suggesting that the US election outcome will be good news for the market, regardless of who wins.
In other news, there are significant developments in the investment and technology spaces. Apollo has launched an $11 billion private credit platform with backing from Abu Dhabi, while South Korea is investing heavily in artificial intelligence, aiming to create a 'world's highest performance' sovereign AI model. Meanwhile, Sam Altman, CEO of OpenAI, has made a surprise visit to South Korea as the company builds on its chip partnerships. Additionally, a $5.5 billion bank takeover between Canada and India is facing opposition from workers and politicians, highlighting the complexities of cross-border deals.
Today's signal:
• Tech stocks have made big V-shaped rebounds five times in 30 months — and now Deutsche Bank forecasts another bounce (marketwatch.com)
• The election will be good news, regardless of outcome, says Morgan Stanley’s chief stock-market strategist (marketwatch.com)
• Apollo launches $11 billion private credit platform, backed by Abu Dhabi (cnbc.com)
• South Korea targets 'world's highest performance' sovereign AI model in record new budget (cnbc.com)
• Canada-India $5.5 billion bank takeover attracts opposition from workers, politicians (cnbc.com)
• Sam Altman makes surprise South Korea visit as OpenAI builds on chip partnerships (cnbc.com)