Morgan Stanley strategist Wilson says this is just a bear market rally

  • 📰 CNBC
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The recent uptick in stocks could be short-lived as technical and fundamental support are still absent, Wilson said.

Recent stock market strength may be short-lived, according to Morgan Stanley chief investment officer and U.S. equity strategist Mike Wilson. Wilson wrote in a Monday note that despite stocks recently bouncing from lows and capping their best week of the year on Friday, the uptick isn't a sign of a longer-term trend. Before last week, stocks had tumbled more than 10% from their July high to an October low.

Stifel says the S&P 500 will keep climbing 'wall of worry' to hit 4,400, gives 10 stocks to play rally

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Morgan Stanley insists this is just another bear market rallyMorgan Stanley insists this is just another bear market rally
Source: Investingcom - 🏆 450. / 53 Read more »