S&P 500 about to fall sharply as it teeters on brink of bear market, Morgan Stanley says

📆 25-04-22 21:30:00
📰 FoxBusiness

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The S&P 500 is poised to fall sharply as investors flee risks assets on fears over a recession, aggressive tightening by the Fed and inflation, according to Morgan Stanley analysts.

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"With defensives the latest big outperformer, they are now expensive, leaving very few places to hide," Morgan Stanley analysts wrote in a Monday note. "This suggests the S&P 500 will finally catch up to the average stock and enter a bear market." They said the increasingly hawkish Fed is looking "right into the teeth of a slowdown," and that there is little upside for defensive positioning lately.

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Its not BTC

Morgan Stanley is a joke. S&P is about to explode upward.

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