News Formal

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%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

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.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 12. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

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.
ソース: CNBC - 🏆 12. / 72 続きを読む »

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...
ソース: MarketWatch - 🏆 3. / 97 続きを読む »