The bear market rally is running out of stream, and it is time to take profits, says Morgan Stanley’s Wilson

The stock market’s bounce off the October lows is running out of room, and it is time to take profits, according to Morgan Stanley’s Michael Wilson.

The chief equity strategist who correctly predicted this year’s stock-market selloff, now expects the S&P 500 to resume declines from the beginning of the year, after the benchmark last week crossed above its 200-day moving average. Wilson also said in November the S&P 500 will set a new price trough of 3,000 to 3,300 in the first quarter of 2023, before jumping back to the 3,900-level by the end of the year.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Chinese stocks rally on reopening hopes; Morgan Stanley upgrades to overweightBeijing and Shenzhen announced over the weekend they would lift measures that required commuters to show negative Covid test results before travel. MS the smartest among the US I-Bank. Better late than never.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »