Morgan Stanley's chief investment officer who called the October stock market pullback is now saying the worst of the sell-off is over, and investors should buy stocks before prices rise in 2021.
Wilson told investors to buy sectors that hinge on the re-opening of the economy next year, such as financials, industrials, and consumer services.The Morgan Stanley chief investment officer who called the October pullback now says the worst of the sell-off is over, and investors should buy stocks before prices rise in 2021., Mike Wilson said that while the next few weeks are likely to remain volatile and uncertain, another large drop in stocks is unlikely.
Wilson acknowledged that the risks that were present before the pullback are still here, but stock valuations have dropped to a less risky level. He said Morgan Stanley's primary concern two weeks ago was that valuations were too high in the market given the uncertainty. Now, the price-to-earnings ratio for US stocks has fallen 10%, said Wilson.
....if Trump wins
Is it the time ?
I'm not sure 🤔
martinbellactor
Did he have any suggestions on which firm we should use to buy these securities from us?
So the record number of bankruptcies and unemployment will bring the market higher? Never listen to banks, they don’t work for you.
I really wouldn't listen to this until we know if Biden is declared a winner and the markets go down due to the uncertainty. ElectionNight ElectionDay Elections2020 Election2020 ElectionNight market trading stocks NYSE
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