Markets rallied on the back of cooler inflation data released on Tuesday , with the S & P 500 and the Nasdaq reaching fresh 13-month highs. Now, investors may be wondering if there will be a correction or if it's too late to get in on the action. Andrew Slimmon of Morgan Stanley Investment Management says a "meaningful" correction may not happen right now. "People are still on the sidelines, kind of waiting for that elusive pullback to get more involved.
The consumer price index , which measures changes in a multitude of goods and services, rose just 0.1% for the month, bringing the annual level down to 4% from 4.9% in April. "But it's premature and the stock market is right now feeding off … those lower inflation month to month price," Slimmon added. Stock picks Nevertheless, there are pockets of opportunity in the market right now, according to Slimmon.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bull market hasn't started, Fed pause could awaken bear: Morgan StanleyThe latest rally isn't the start of a new bull market and a Fed pause on rate hikes this week could awaken the bear, Morgan Stanley CIO says
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »