Morgan Stanley's Mike Wilson says don’t buy this breakout, a market correction is coming

  • 📰 CNBC
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

Switzerland Nachrichten Nachrichten

Switzerland Neuesten Nachrichten,Switzerland Schlagzeilen

The widely followed strategist stood by his base case for S&P 500 to finish 2023 at 3,900, about 9% below the current level.

Morgan Stanley's Mike Wilson is sticking with his bearish call for a tactical correction despite the recent rally driven by technology stocks. "Hotter but shorter cycles persist — we continue to forecast an earnings recession this year that we don't think is priced," Wilson, the bank's head of U.S. equity strategy, said in a note. "We still expect a tactical correction as the cyclical bear market concludes.

The S & P 500 has gained more than 2% this month alone, pushing its 2023 gains to nearly 12%. The tech-heavy Nasdaq Composite just notched its sixth straight weekly gain, a streak not seen since 2020, and it's up 27% so far this year.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 12. in CH
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

These ‘all weather’ best-in-class stocks are a must-own as summer nears, Morgan Stanley saysMorgan Stanley analysts named a slew of stocks to buy ahead of summer.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Morgan Stanley sees an earnings wipe out ahead for Wall Street's unloved stock rallyMorgan Stanley strategist Mike Wilson still expects "a meaningful earnings recession this year (-16% year-over-year decline) that has yet to be priced...
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »