‘Material risk’ looms over stocks as investors face bear market’s ‘second act,’ warns Morgan Stanley

Stock-market investors have been adjusting to the jump in interest rates amid high inflation, but they have yet to cope with profit headwinds faced by the S&P 500, according to Morgan Stanley Wealth Management.

Unprecedented monetary and fiscal stimulus during the throes of the pandemic had led to the largest U.S. companies booking record operating margins that were 150 to 200 basis points above norms seen in the past decade, according to Shalett.

Morgan Stanley’s chief U.S. equity strategist Mike Wilson estimates as much as 11% downside from consensus estimates, with his base-case, earnings-per-share forecast for the S&P 500 for 2023 being $212, according to Shalett’s note. The yield on the 10-year Treasury note TMUBMUSD10Y, 4.011% was down about 1 basis point Monday afternoon at around 4%, while two-year yields TMUBMUSD02Y, 4.443% fell about five basis points to around 4.45%, FactSet data show, at last check.

No earnings, market sinks. Multiple reflect earning power of which their is little. Market has totally under appreciated risk for years Thought it was a one way ticket to rewards. Market give them, markets taketh away. Now is time when individual cos fundamentals matter

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How Biden's stock market compares to Trump and ObamaBiden's stock market topped Trump in 2021, but 2022 has been a different story. Bbbbbut I thought stock market analysis was an inaccurate measurement of the economy 😒 Presidents have little to do with the stock market How about comparing mortality rates?
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Whiplash in Stock Market Shows Investors Are Still on EdgeStocks have often posted some of their biggest gains of the year in the midst of their worst selloffs. Some investors say the market’s roller-coaster ride as of late seems like a classic bear-market rally. Who is going to pay investment firms 2-20 after a year like this? Of course it is. Bitcoin and pricey pandemic tech stocks are just like zero coupon bonds which are highly sensitive to rising interest rates. Expect more selloffs and more pain as long as the Fed keeps jacking up rates to fight inflation. Constant wild market swings? If you have ‘spare💰’ to gamble with, judiciously place Puts & Calls simultaneously… you’ll likely profit—one way or the other.
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Wall Street's biggest clowns being exposed by stock market crash, selloffInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. too soon
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