Wall Street expects sequestration, poll finds

02/12/2013 | Hill, The

A slight majority, 53%, of Wall Street professionals do not believe Congress and the White House will strike a deal to avoid sequestration, according to a Potomac Research Group survey of money managers. If the cuts do happen, 51% expect to see a drop of at least 5% on the Dow Jones industrial average; 42% believe the stock market would be largely unaffected.

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Hill, The

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