will likely see a 10% correction in the near term before the bull market continues, according to Morgan Stanley's chief investment officer.
Wilson added that the S&P 500's attempted breakthrough last week"occured on less momentum" than in September, which suggests that there is more downside to come before the bull market can resume. Wilson, who is also Morgan Stanley's chief US equity strategist, added that the lack of a fiscal stimulus deal, uncertainty surrounding the outcome and timing of the election, and a second wave of the coronavirus are headwinds to higher stock prices in the near term.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mike Santoli's market notes: S&P 500 drifts, call option buying continues, tech trades heavyNew for subscribers: Mike Santoli's market notes: S&P 500 drifts, call option buying continues, tech trades heavy Check out CNBCPro today.
Source: CNBC - 🏆 12. / 72 Read more »
Deloitte shuts 4 UK offices, 500 staff to permanently work from home - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Another 10% Stock Market Correction Is Likely In The Next Two Months, Morgan Stanley SaysThe lack of a stimulus deal, election uncertainty and surging coronavirus cases are all likely to keep volatility up in the meantime.
Source: Forbes - 🏆 394. / 53 Read more »
14 Fashion Insiders on the Best Strapless Bras on the Market14 fashion insiders on the best strapless bras on the market.
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »
Mike Santoli's market notes: S&P 500 drifts, call option buying continues, tech trades heavyNew for subscribers: Mike Santoli's market notes: S&P 500 drifts, call option buying continues, tech trades heavy Check out CNBCPro today.
Source: CNBC - 🏆 12. / 72 Read more »
Stock market analysis: 5 forces that will shape US demand in 2021, GS says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. good Economic recovery will be built on educated upskilled workforce We know from experience, economic downturns lead to upturns in demand for education. An undisclosed amount of government funding will be invested in Micro-credentials. Future of Education 👩💻❤👩🎓 Marketplace for online microcredentials OpenLearning to solve a skills shortage
Source: BusinessInsider - 🏆 729. / 51 Read more »