Morgan Stanley Wealth Management's investment chief told Bloomberg on Wednesday that long-term investors should look beyond the current market turmoil because a V-shaped recovery and market gain of up to 12% in the next few months is still likely.
"But right now, we're still betting on that V-shaped recovery because we do think that if we get some stimulus in a lame duck, that will be soon enough ... to keep the momentum going," she added.All three major US indices fell nearly 3% shortly after the opening bell on Wednesday, but Lisa Shalett is telling long-term investors to look past the current market turmoil.
"At the minute we have this confluence of rising surging cases, and the lack of CARES 2.0, and I think the longer that stalemate is occurring, the risks increase that we can have an economic stall," said Shalett."But right now, we're still betting on that V-shaped recovery because we do think that if we get some stimulus in a lame duck, that will be soon enough ... to keep the momentum going.
Sure it’s all good !!And the fundamentals and earnings multiples are totally realistic.!!🤦🏻♂️ of course the likes of Goldman Sachs will say we are looking out two years now instead of one year.!! Talk your book..!!
Or not.
FANG Index showed IT ex ante...
Not likely