News Formal

'We were wrong' to write off stocks' AI-fueled rally, Morgan Stanley says

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Colombia Noticias Noticias

Morgan Stanley says it was wrong to write off stocks – but warns cooling inflation could still kill the rally

By June 2024, his team expects the S&P 500 to fall to 4,200 points – around 8% below the level it traded at as of Monday's closing bell.rather than boost"We believe inflation is now falling even faster than the consensus expects, especially the inflation received by companies," he wrote in Monday's note.

"With price being the main factor that has held sales growth above zero for many companies this year, it would be a material headwind if that pricing power were to roll over."

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 729. in CO

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Morgan Stanley says stock picking will matter more in coming weeks so buy these quality stocksMorgan Stanley's Mike Wilson highlighted stocks with high earnings quality as a smart investment play as earnings season rolls on.
Fuente: CNBC - 🏆 12. / 72 Leer más »

One of Wall Street's biggest bears admits 'we were wrong' about 2023 stock-market rally, but refuses to throw in the towelOne of Wall Street’s biggest bears admits ‘we were wrong’ about 2023 stock-market rally, but refuses to throw in the towel
Fuente: MarketWatch - 🏆 3. / 97 Leer más »